Wall Street brokerages expect that Urstadt Biddle Properties Inc. (NYSE:UBA) will announce earnings of $0.37 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.36. Urstadt Biddle Properties reported earnings per share of $0.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The company is scheduled to issue its next quarterly earnings report on Wednesday, December 15th.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.38. For the next financial year, analysts expect that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.47 to $1.54. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Wednesday, September 8th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.38. Urstadt Biddle Properties had a return on equity of 11.69% and a net margin of 30.04%.
Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Urstadt Biddle Properties during the first quarter worth approximately $151,000. Victory Capital Management Inc. increased its position in shares of Urstadt Biddle Properties by 3.1% during the first quarter. Victory Capital Management Inc. now owns 84,041 shares of the real estate investment trust’s stock worth $1,399,000 after purchasing an additional 2,541 shares in the last quarter. Rhumbline Advisers increased its position in shares of Urstadt Biddle Properties by 1.1% during the first quarter. Rhumbline Advisers now owns 111,252 shares of the real estate investment trust’s stock worth $1,852,000 after purchasing an additional 1,253 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of Urstadt Biddle Properties by 8.7% during the first quarter. IndexIQ Advisors LLC now owns 11,666 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 934 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Urstadt Biddle Properties by 98.8% during the first quarter. BNP Paribas Arbitrage SA now owns 15,533 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 7,720 shares in the last quarter. 51.89% of the stock is owned by institutional investors and hedge funds.
Shares of Urstadt Biddle Properties stock traded down $0.14 on Friday, reaching $19.36. 64,248 shares of the stock were exchanged, compared to its average volume of 141,629. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.96. Urstadt Biddle Properties has a twelve month low of $8.60 and a twelve month high of $19.97. The firm has a market capitalization of $779.10 million, a price-to-earnings ratio of 27.86 and a beta of 1.10. The business has a 50 day moving average price of $19.07 and a two-hundred day moving average price of $18.58.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 15th. Stockholders of record on Friday, October 1st will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, September 30th. Urstadt Biddle Properties’s payout ratio is 77.31%.
Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties, Inc operates as a real estate investment trust, which engages in the acquisition, ownership and management of commercial properties. The firm operates through the Ridgeway and All Other Operating segments. Its portfolio includes neighborhood and community shopping centers in counties.
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