$34.60 Million in Sales Expected for Urstadt Biddle Properties Inc (UBA) This Quarter
Analysts expect that Urstadt Biddle Properties Inc (NYSE:UBA) will post $34.60 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest sales estimate coming in at $35.77 million and the lowest estimate coming in at $33.69 million. Urstadt Biddle Properties reported sales of $37.01 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The business is scheduled to issue its next earnings results on Friday, June 14th.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full year sales of $138.60 million for the current year, with estimates ranging from $136.40 million to $141.36 million. For the next year, analysts anticipate that the business will report sales of $141.69 million, with estimates ranging from $139.00 million to $145.36 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Friday, March 8th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). Urstadt Biddle Properties had a return on equity of 9.80% and a net margin of 28.07%. The business had revenue of $34.46 million during the quarter, compared to analysts’ expectations of $32.99 million.
Shares of NYSE UBA traded down $0.02 during midday trading on Wednesday, hitting $22.77. The company’s stock had a trading volume of 65,200 shares, compared to its average volume of 101,498. The company has a debt-to-equity ratio of 0.88, a quick ratio of 8.44 and a current ratio of 8.44. Urstadt Biddle Properties has a 12-month low of $18.50 and a 12-month high of $23.16. The company has a market cap of $903.60 million, a price-to-earnings ratio of 15.49, a PEG ratio of 1.99 and a beta of 0.57.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.10 annualized dividend and a yield of 4.83%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 74.83%.
In related news, COO Stephan A. Rapaglia sold 1,874 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $20.74, for a total value of $38,866.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.78% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Hancock Whitney Corp boosted its position in Urstadt Biddle Properties by 2.3% during the 1st quarter. Hancock Whitney Corp now owns 20,867 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 464 shares in the last quarter. Albert D Mason Inc. boosted its position in Urstadt Biddle Properties by 0.6% during the 1st quarter. Albert D Mason Inc. now owns 84,489 shares of the real estate investment trust’s stock valued at $1,744,000 after acquiring an additional 470 shares in the last quarter. Victory Capital Management Inc. boosted its position in Urstadt Biddle Properties by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 72,916 shares of the real estate investment trust’s stock valued at $1,401,000 after acquiring an additional 616 shares in the last quarter. Texas Permanent School Fund boosted its position in Urstadt Biddle Properties by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 19,510 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 751 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Urstadt Biddle Properties by 0.8% during the 1st quarter. Rhumbline Advisers now owns 92,669 shares of the real estate investment trust’s stock valued at $1,913,000 after acquiring an additional 777 shares in the last quarter. 59.91% of the stock is currently owned by institutional investors.
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 85 properties containing approximately 5.3 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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