Urstadt Biddle Properties Inc (UBA) Expected to Post Earnings of $0.35 Per Share
Equities analysts expect Urstadt Biddle Properties Inc (NYSE:UBA) to report earnings per share of $0.35 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.36. Urstadt Biddle Properties posted earnings per share of $0.45 during the same quarter last year, which would indicate a negative year over year growth rate of 22.2%. The firm is scheduled to issue its next quarterly earnings results on Friday, June 14th.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.39 to $1.45. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.49 per share, with EPS estimates ranging from $1.43 to $1.54. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings data on Friday, March 8th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%. The firm had revenue of $34.46 million for the quarter, compared to analyst estimates of $32.99 million.
NYSE UBA opened at $20.94 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 8.44 and a current ratio of 8.44. Urstadt Biddle Properties has a twelve month low of $18.50 and a twelve month high of $23.16. The firm has a market cap of $833.05 million, a P/E ratio of 14.24, a PEG ratio of 1.83 and a beta of 0.54.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Wednesday, April 3rd. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 74.83%.
In related news, COO Stephan A. Rapaglia sold 1,874 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $20.74, for a total transaction of $38,866.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 20.78% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in UBA. Norges Bank acquired a new position in Urstadt Biddle Properties during the 4th quarter worth about $7,309,000. BlackRock Inc. lifted its holdings in Urstadt Biddle Properties by 5.8% during the 3rd quarter. BlackRock Inc. now owns 5,006,559 shares of the real estate investment trust’s stock worth $106,590,000 after buying an additional 272,242 shares during the period. Renaissance Technologies LLC lifted its holdings in Urstadt Biddle Properties by 16.4% during the 3rd quarter. Renaissance Technologies LLC now owns 982,817 shares of the real estate investment trust’s stock worth $20,924,000 after buying an additional 138,417 shares during the period. Martingale Asset Management L P lifted its holdings in Urstadt Biddle Properties by 14.9% during the 4th quarter. Martingale Asset Management L P now owns 229,502 shares of the real estate investment trust’s stock worth $4,412,000 after buying an additional 29,700 shares during the period. Finally, Morgan Stanley lifted its holdings in Urstadt Biddle Properties by 17.3% during the 3rd quarter. Morgan Stanley now owns 187,707 shares of the real estate investment trust’s stock worth $3,997,000 after buying an additional 27,676 shares during the period. 60.00% of the stock is currently 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 85 properties containing approximately 5.3 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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