Analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to post sales of $33.14 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with estimates ranging from $32.93 million to $33.34 million. Urstadt Biddle Properties reported sales of $32.31 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Friday, December 21st.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year sales of $135.94 million for the current year, with estimates ranging from $135.74 million to $136.15 million. For the next year, analysts expect that the business will post sales of $135.92 million, with estimates ranging from $134.34 million to $137.49 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Urstadt Biddle Properties.

Several equities analysts recently weighed in on UBA shares. Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. DA Davidson lowered Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and cut their price target for the company from $24.00 to $23.00 in a research note on Tuesday, September 11th. ValuEngine lowered Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $22.00.

Several institutional investors have recently made changes to their positions in UBA. Tower Research Capital LLC TRC purchased a new stake in Urstadt Biddle Properties during the 2nd quarter worth approximately $585,000. Legal & General Group Plc increased its stake in Urstadt Biddle Properties by 16.4% during the 1st quarter. Legal & General Group Plc now owns 143,294 shares of the real estate investment trust’s stock worth $2,775,000 after buying an additional 20,141 shares in the last quarter. Dupont Capital Management Corp increased its stake in Urstadt Biddle Properties by 114.8% during the 2nd quarter. Dupont Capital Management Corp now owns 64,541 shares of the real estate investment trust’s stock worth $1,461,000 after buying an additional 34,498 shares in the last quarter. Northern Trust Corp increased its stake in Urstadt Biddle Properties by 0.4% during the 2nd quarter. Northern Trust Corp now owns 575,759 shares of the real estate investment trust’s stock worth $13,030,000 after buying an additional 2,531 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Urstadt Biddle Properties by 20.8% during the 2nd quarter. Renaissance Technologies LLC now owns 844,400 shares of the real estate investment trust’s stock worth $19,109,000 after buying an additional 145,300 shares in the last quarter. Hedge funds and other institutional investors own 58.26% of the company’s stock.

Shares of NYSE UBA traded down $0.26 during trading on Monday, reaching $20.41. 41,105 shares of the company traded hands, compared to its average volume of 68,881. The company has a debt-to-equity ratio of 0.82, a quick ratio of 8.30 and a current ratio of 8.30. Urstadt Biddle Properties has a 12-month low of $17.20 and a 12-month high of $23.94. The firm has a market capitalization of $812.87 million, a P/E ratio of 17.75, a PEG ratio of 1.78 and a beta of 0.36.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 5th were paid a $0.27 dividend. The ex-dividend date was Thursday, October 4th. This represents a $1.08 annualized dividend and a dividend yield of 5.29%. Urstadt Biddle Properties’s dividend payout ratio is presently 93.91%.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 84 properties containing approximately 5.1 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.

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Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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