Wall Street analysts expect Urstadt Biddle Properties Inc. (NYSE:UBA) to announce sales of $30.01 million for the current quarter, Zacks reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings. The highest sales estimate is $30.07 million and the lowest is $29.93 million. Urstadt Biddle Properties posted sales of $31.90 million during the same quarter last year, which suggests a negative year-over-year growth rate of 5.9%. The firm is expected to report its next earnings report on Thursday, December 21st.
On average, analysts expect that Urstadt Biddle Properties will report full-year sales of $30.01 million for the current fiscal year, with estimates ranging from $120.86 million to $121.01 million. For the next fiscal year, analysts anticipate that the business will post sales of $122.26 million per share, with estimates ranging from $120.05 million to $125.18 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last issued its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.17. The business had revenue of $31.87 million during the quarter, compared to the consensus estimate of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%.
A number of equities research analysts have issued reports on UBA shares. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. FBR & Co reiterated a “hold” rating and issued a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, B. Riley restated a “neutral” rating on shares of Urstadt Biddle Properties in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.33.
Urstadt Biddle Properties (NYSE:UBA) traded up $0.09 during mid-day trading on Monday, reaching $22.99. 71,424 shares of the company’s stock were exchanged, compared to its average volume of 118,556. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 0.71. The stock has a market cap of $902.12, a P/E ratio of 17.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.50.
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In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total value of $32,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John T. Hayes sold 4,900 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $22.20, for a total transaction of $108,780.00. The disclosure for this sale can be found here. Company insiders own 20.06% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC lifted its holdings in Urstadt Biddle Properties by 2.5% during the 1st quarter. Teachers Advisors LLC now owns 47,453 shares of the real estate investment trust’s stock valued at $976,000 after purchasing an additional 1,135 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Urstadt Biddle Properties by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 4,600,967 shares of the real estate investment trust’s stock valued at $94,596,000 after purchasing an additional 149,237 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Urstadt Biddle Properties by 20.7% during the 1st quarter. Geode Capital Management LLC now owns 282,840 shares of the real estate investment trust’s stock valued at $5,815,000 after purchasing an additional 48,522 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Urstadt Biddle Properties by 8.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 371,853 shares of the real estate investment trust’s stock valued at $7,645,000 after purchasing an additional 29,098 shares during the last quarter. Finally, UBS Group AG lifted its holdings in Urstadt Biddle Properties by 1.4% during the 1st quarter. UBS Group AG now owns 12,623 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 58.71% of the company’s stock.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.
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