Wall Street analysts expect that Urstadt Biddle Properties Inc (NYSE:UBA) will report earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Urstadt Biddle Properties posted earnings of $0.21 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 61.9%. The firm is expected to announce its next earnings report on Friday, December 21st.

On average, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.46 to $1.48. For the next financial year, analysts forecast that the firm will post earnings of $1.44 per share, with EPS estimates ranging from $1.44 to $1.45. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Urstadt Biddle Properties.

A number of brokerages recently weighed in on UBA. ValuEngine cut shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, October 31st. DA Davidson cut shares of Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $24.00 to $23.00 in a research report on Tuesday, September 11th. Finally, TheStreet cut shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report 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 given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $22.00.

Urstadt Biddle Properties stock traded up $0.16 during trading on Friday, reaching $20.67. 37,478 shares of the company’s stock were exchanged, compared to its average volume of 92,454. The company has a current ratio of 8.30, a quick ratio of 8.30 and a debt-to-equity ratio of 0.82. Urstadt Biddle Properties has a 52-week low of $17.20 and a 52-week high of $23.94. The stock has a market cap of $801.78 million, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.75 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 given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $1.08 dividend on an annualized basis and a yield of 5.22%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 93.91%.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in Urstadt Biddle Properties by 7.2% during the 2nd quarter. BlackRock Inc. now owns 4,734,317 shares of the real estate investment trust’s stock worth $107,138,000 after purchasing an additional 319,942 shares during the period. Renaissance Technologies LLC boosted its position in Urstadt Biddle Properties by 20.8% in the 2nd quarter. Renaissance Technologies LLC now owns 844,400 shares of the real estate investment trust’s stock valued at $19,109,000 after buying an additional 145,300 shares during the last quarter. Northern Trust Corp boosted its position in Urstadt Biddle Properties by 0.4% in the 2nd quarter. Northern Trust Corp now owns 575,759 shares of the real estate investment trust’s stock valued at $13,030,000 after buying an additional 2,531 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Urstadt Biddle Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 448,704 shares of the real estate investment trust’s stock valued at $10,154,000 after buying an additional 6,413 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Urstadt Biddle Properties by 13.8% in the 3rd quarter. American Century Companies Inc. now owns 250,809 shares of the real estate investment trust’s stock valued at $5,340,000 after buying an additional 30,404 shares during the last quarter. 58.26% of the stock is owned by hedge funds and other institutional investors.

About Urstadt Biddle Properties

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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