Urstadt Biddle Properties Inc (UBA) to Post Q1 2018 Earnings of $0.33 Per Share, B. Riley Forecasts

Urstadt Biddle Properties Inc (NYSE:UBA) – Stock analysts at B. Riley raised their Q1 2018 earnings per share estimates for Urstadt Biddle Properties in a report released on Wednesday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will earn $0.33 per share for the quarter, up from their previous estimate of $0.32. B. Riley currently has a “Hold” rating and a $20.00 target price on the stock. B. Riley also issued estimates for Urstadt Biddle Properties’ Q2 2018 earnings at $0.34 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.34 EPS, FY2018 earnings at $1.36 EPS, Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.35 EPS and FY2019 earnings at $1.40 EPS.

Urstadt Biddle Properties (NYSE:UBA) last released its quarterly earnings results on Friday, December 15th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.29). Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. FBR & Co reissued a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $21.75.

Urstadt Biddle Properties (NYSE UBA) traded down $0.34 during trading on Thursday, reaching $19.59. The company’s stock had a trading volume of 88,000 shares, compared to its average volume of 91,583. Urstadt Biddle Properties has a 52 week low of $18.32 and a 52 week high of $23.94. The company has a quick ratio of 7.58, a current ratio of 7.14 and a debt-to-equity ratio of 0.76. The firm has a market cap of $785.12, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.92 and a beta of 0.54.

A number of hedge funds have recently modified their holdings of the stock. M&T Bank Corp raised its holdings in Urstadt Biddle Properties by 7.0% during the second quarter. M&T Bank Corp now owns 12,678 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 833 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Urstadt Biddle Properties by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,323 shares of the real estate investment trust’s stock worth $2,343,000 after purchasing an additional 1,068 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 worth $492,000 after purchasing an additional 1,496 shares during the last quarter. Voya Investment Management LLC raised its holdings in Urstadt Biddle Properties by 14.3% during the second quarter. Voya Investment Management LLC now owns 16,046 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Baker Ellis Asset Management LLC raised its holdings in Urstadt Biddle Properties by 2.6% during the third quarter. Baker Ellis Asset Management LLC now owns 94,664 shares of the real estate investment trust’s stock worth $2,054,000 after purchasing an additional 2,400 shares during the last quarter. 60.09% of the stock is owned by hedge funds and other institutional investors.

In other Urstadt Biddle Properties news, Director Catherine U. Biddle purchased 109,542 shares of Urstadt Biddle Properties stock in a transaction dated Friday, December 22nd. The stock was acquired at an average cost of $16.00 per share, with a total value of $1,752,672.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 20.06% of the stock is owned by company insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be issued a $0.27 dividend. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. This represents a $1.08 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Thursday, January 4th. Urstadt Biddle Properties’s dividend payout ratio (DPR) is currently 120.00%.

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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.

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

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