$32.58 Million in Sales Expected for Urstadt Biddle Properties Inc Class A (UBA) This Quarter

Analysts predict that Urstadt Biddle Properties Inc Class A (NYSE:UBA) will announce sales of $32.58 million for the current quarter, according to Zacks. Three analysts have made estimates for Urstadt Biddle Properties Inc Class A’s earnings, with the highest sales estimate coming in at $33.14 million and the lowest estimate coming in at $32.21 million. Urstadt Biddle Properties Inc Class A reported sales of $31.87 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The firm is scheduled to report its next quarterly earnings report on Friday, September 14th.

According to Zacks, analysts expect that Urstadt Biddle Properties Inc Class A will report full year sales of $133.01 million for the current year, with estimates ranging from $131.07 million to $134.90 million. For the next year, analysts forecast that the business will report sales of $134.13 million per share, with estimates ranging from $131.83 million to $136.57 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Urstadt Biddle Properties Inc Class A.

A number of research firms have weighed in on UBA. Zacks Investment Research upgraded Urstadt Biddle Properties Inc Class A from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, June 19th. DA Davidson raised their price target on Urstadt Biddle Properties Inc Class A to $24.00 and gave the company a “buy” rating in a research note on Friday, June 15th. Finally, TheStreet upgraded Urstadt Biddle Properties Inc Class A from a “c+” rating to a “b-” rating in a research note on Thursday, May 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Urstadt Biddle Properties Inc Class A presently has a consensus rating of “Hold” and a consensus target price of $22.20.

Urstadt Biddle Properties Inc Class A traded down $0.18, reaching $22.06, during mid-day trading on Friday, Marketbeat reports. The company had a trading volume of 42,897 shares, compared to its average volume of 80,970. The company has a quick ratio of 17.47, a current ratio of 17.47 and a debt-to-equity ratio of 0.82. The company has a market cap of $881.42 million, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.96 and a beta of 0.34. Urstadt Biddle Properties Inc Class A has a 52 week low of $17.20 and a 52 week high of $23.94.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 20th. Stockholders of record on Friday, July 6th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, July 5th. This represents a $1.08 annualized dividend and a dividend yield of 4.90%. Urstadt Biddle Properties Inc Class A’s dividend payout ratio is currently 93.91%.

In other news, VP John T. Hayes sold 3,834 shares of Urstadt Biddle Properties Inc Class A stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $22.61, for a total transaction of $86,686.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.06% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of UBA. First Manhattan Co. boosted its stake in Urstadt Biddle Properties Inc Class A by 2.9% in the 2nd quarter. First Manhattan Co. now owns 99,026 shares of the real estate investment trust’s stock valued at $2,240,000 after purchasing an additional 2,830 shares during the period. Advisor Group Inc. boosted its stake in Urstadt Biddle Properties Inc Class A by 88.0% in the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 2,868 shares during the period. Stevens Capital Management LP boosted its stake in Urstadt Biddle Properties Inc Class A by 33.6% in the 1st quarter. Stevens Capital Management LP now owns 12,776 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 3,215 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Urstadt Biddle Properties Inc Class A by 17.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 23,100 shares of the real estate investment trust’s stock valued at $523,000 after purchasing an additional 3,500 shares during the period. Finally, Swiss National Bank boosted its stake in Urstadt Biddle Properties Inc Class A by 7.9% in the 1st quarter. Swiss National Bank now owns 51,836 shares of the real estate investment trust’s stock valued at $1,000,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 58.59% of the company’s stock.

About Urstadt Biddle Properties Inc Class A

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 83 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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Earnings History and Estimates for Urstadt Biddle Properties Inc Class A (NYSE:UBA)

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