Analysts expect Urstadt Biddle Properties Inc. (NYSE:UBA) to post $29.30 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest sales estimate coming in at $29.67 million and the lowest estimate coming in at $28.91 million. Urstadt Biddle Properties reported sales of $28.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The business is expected to announce its next earnings results on Thursday, September 14th.

On average, analysts expect that Urstadt Biddle Properties will report full year sales of $29.30 million for the current fiscal year, with estimates ranging from $117.60 million to $119.60 million. For the next year, analysts anticipate that the company will report sales of $124.01 million per share, with estimates ranging from $122.89 million to $126.13 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Urstadt Biddle Properties.

A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. FBR & Co reissued a “mkt perform” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. BidaskClub raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, TheStreet cut shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $23.67.

Urstadt Biddle Properties (UBA) traded up 0.97% during trading on Monday, hitting $20.88. 43,602 shares of the stock traded hands. The firm has a market cap of $787.22 million, a PE ratio of 20.04 and a beta of 0.53. The firm has a 50-day moving average price of $20.74 and a 200 day moving average price of $20.35. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43.

Urstadt Biddle Properties announced that its board has approved a share buyback plan on Friday, June 9th that permits the company to buyback 2,000,000 shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

A number of large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Urstadt Biddle Properties during the second quarter valued at approximately $542,000. The Manufacturers Life Insurance Company lifted its position in Urstadt Biddle Properties by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,854 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 1,496 shares during the last quarter. State Street Corp lifted its position in Urstadt Biddle Properties by 4.2% during the second quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock valued at $17,879,000 after acquiring an additional 36,411 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Urstadt Biddle Properties by 71.8% during the second quarter. Goldman Sachs Group Inc. now owns 150,153 shares of the real estate investment trust’s stock valued at $2,973,000 after acquiring an additional 62,774 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in Urstadt Biddle Properties by 53.2% during the second quarter. Tudor Investment Corp ET AL now owns 16,953 shares of the real estate investment trust’s stock valued at $336,000 after acquiring an additional 5,887 shares during the last quarter. 59.32% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/04/urstadt-biddle-properties-inc-uba-expected-to-announce-quarterly-sales-of-29-30-million.html.

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.

Get a free copy of the Zacks research report on Urstadt Biddle Properties (UBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

Receive News & Stock Ratings for Urstadt Biddle Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties Inc. and related stocks with our FREE daily email newsletter.