$0.28 EPS Expected for Urstadt Biddle Properties Inc (UBA) This Quarter
Wall Street analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to post $0.28 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.28. Urstadt Biddle Properties reported earnings of $0.32 per share during the same quarter last year, which would suggest a negative year over year growth rate of 12.5%. The business is scheduled to issue its next earnings results on Tuesday, June 6th.
On average, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.28. For the next financial year, analysts forecast that the firm will report earnings of $1.26 per share, with EPS estimates ranging from $1.23 to $1.29. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Urstadt Biddle Properties.
UBA has been the topic of several research reports. TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, May 12th. Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, ValuEngine lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Urstadt Biddle Properties presently has a consensus rating of “Hold” and an average price target of $25.00.
Urstadt Biddle Properties (NYSE:UBA) opened at 18.99 on Wednesday. The stock’s 50 day moving average is $19.39 and its 200-day moving average is $21.50. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43. The stock has a market capitalization of $715.90 million, a price-to-earnings ratio of 35.10 and a beta of 0.63.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 5.58%. The ex-dividend date is Wednesday, June 28th. Urstadt Biddle Properties’s dividend payout ratio is presently 196.30%.
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A number of large investors have recently modified their holdings of UBA. Credit Agricole S A boosted its position in Urstadt Biddle Properties by 21.3% in the fourth quarter. Credit Agricole S A now owns 5,616 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 987 shares during the last quarter. Mason Street Advisors LLC boosted its position in Urstadt Biddle Properties by 10.3% in the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 651 shares during the last quarter. Lasalle Investment Management Securities LLC acquired a new position in Urstadt Biddle Properties during the first quarter valued at about $212,000. Tudor Investment Corp ET AL acquired a new position in Urstadt Biddle Properties during the first quarter valued at about $228,000. Finally, Louisiana State Employees Retirement System boosted its position in Urstadt Biddle Properties by 4.3% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 500 shares during the last quarter. 60.04% of the stock is currently owned by hedge funds and other institutional investors.
Urstadt Biddle Properties Company Profile
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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