Equities research analysts expect that Urstadt Biddle Properties Inc. (NYSE:UBA) will report sales of $32.66 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Urstadt Biddle Properties’ earnings, with the lowest sales estimate coming in at $31.95 million and the highest estimate coming in at $33.14 million. Urstadt Biddle Properties reported sales of $29.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 8.9%. The company is expected to report its next quarterly earnings report on Thursday, June 14th.
On average, analysts expect that Urstadt Biddle Properties will report full-year sales of $131.11 million for the current fiscal year, with estimates ranging from $129.20 million to $133.06 million. For the next year, analysts expect that the business will post sales of $133.71 million per share, with estimates ranging from $130.58 million to $136.57 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.20). The business had revenue of $33.00 million during the quarter, compared to analyst estimates of $32.40 million. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%.
Shares of NYSE:UBA traded down $0.11 during midday trading on Friday, reaching $19.40. The company’s stock had a trading volume of 85,507 shares, compared to its average volume of 94,461. Urstadt Biddle Properties has a fifty-two week low of $17.20 and a fifty-two week high of $23.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.49 and a quick ratio of 4.49. The company has a market capitalization of $746.29, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.79 and a beta of 0.38.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Monday, April 2nd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date was Thursday, March 29th. Urstadt Biddle Properties’s dividend payout ratio is currently 93.91%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers grew its holdings in shares of Urstadt Biddle Properties by 14.9% in the fourth quarter. Rhumbline Advisers now owns 73,988 shares of the real estate investment trust’s stock valued at $1,608,000 after acquiring an additional 9,617 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Urstadt Biddle Properties by 44.8% in the third quarter. JPMorgan Chase & Co. now owns 266,414 shares of the real estate investment trust’s stock valued at $5,879,000 after acquiring an additional 82,421 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Urstadt Biddle Properties by 223.4% in the fourth quarter. Arizona State Retirement System now owns 49,968 shares of the real estate investment trust’s stock valued at $1,086,000 after acquiring an additional 34,516 shares in the last quarter. Fairfield Bush & CO. grew its holdings in shares of Urstadt Biddle Properties by 12.3% in the fourth quarter. Fairfield Bush & CO. now owns 85,179 shares of the real estate investment trust’s stock valued at $1,852,000 after acquiring an additional 9,303 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Urstadt Biddle Properties by 6.6% in the fourth quarter. California Public Employees Retirement System now owns 47,169 shares of the real estate investment trust’s stock valued at $1,025,000 after acquiring an additional 2,923 shares in the last quarter. 61.36% of the stock is owned by hedge funds and other institutional investors.
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Urstadt Biddle Properties Company Profile
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 82 properties containing approximately 5.1 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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