Urstadt Biddle Properties (NYSE:UBA) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10, Fidelity Earnings reports. Urstadt Biddle Properties had a net margin of 22.42% and a return on equity of 8.26%.
Shares of UBA stock opened at $14.63 on Thursday. The company has a market capitalization of $586.18 million, a P/E ratio of 45.72 and a beta of 0.69. Urstadt Biddle Properties has a 52 week low of $8.22 and a 52 week high of $24.88. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.85 and a current ratio of 2.85. The company’s 50 day moving average price is $12.42 and its two-hundred day moving average price is $11.04.
In other news, Director Bryan O. Colley acquired 8,200 shares of Urstadt Biddle Properties stock in a transaction dated Friday, October 23rd. The stock was bought at an average cost of $9.81 per share, with a total value of $80,442.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin J. Bannon bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was purchased at an average cost of $8.60 per share, for a total transaction of $51,600.00. 20.83% of the stock is owned by corporate insiders.
About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 81 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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