Wall Street brokerages predict that Urstadt Biddle Properties Inc (NYSE:UBA) will report $32.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Urstadt Biddle Properties’ earnings. The lowest sales estimate is $32.16 million and the highest is $32.65 million. Urstadt Biddle Properties posted sales of $29.07 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.5%. The business is scheduled to report its next earnings report on Friday, March 9th.
According to Zacks, analysts expect that Urstadt Biddle Properties will report full year sales of $32.40 million for the current fiscal year, with estimates ranging from $120.05 million to $130.95 million. For the next fiscal year, analysts anticipate that the business will report sales of $128.99 million per share, with estimates ranging from $123.08 million to $133.29 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Urstadt Biddle Properties.
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 the Zacks’ consensus estimate of $0.30 by ($0.29). Urstadt Biddle Properties had a net margin of 42.95% and a return on equity of 13.19%. The firm had revenue of $32.31 million for the quarter, compared to the consensus estimate of $30.01 million.
In related news, Director Catherine U. Biddle acquired 109,542 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was acquired at an average price of $16.00 per share, with a total value of $1,752,672.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.39% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Urstadt Biddle Properties by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 405,156 shares of the real estate investment trust’s stock valued at $8,022,000 after buying an additional 33,303 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 worth $5,879,000 after purchasing an additional 82,421 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Urstadt Biddle Properties by 9.1% in the second quarter. UBS Asset Management Americas Inc. now owns 61,489 shares of the real estate investment trust’s stock worth $1,217,000 after purchasing an additional 5,140 shares in the last quarter. Prudential Financial Inc. raised its position in Urstadt Biddle Properties by 49.6% in the third quarter. Prudential Financial Inc. now owns 157,648 shares of the real estate investment trust’s stock worth $3,421,000 after purchasing an additional 52,260 shares in the last quarter. Finally, State Street Corp raised its position in Urstadt Biddle Properties by 4.2% in the second quarter. State Street Corp now owns 902,684 shares of the real estate investment trust’s stock worth $17,879,000 after purchasing an additional 36,411 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
Shares of Urstadt Biddle Properties (UBA) traded up $0.39 on Wednesday, hitting $18.13. 197,500 shares of the stock were exchanged, compared to its average volume of 103,876. The firm has a market capitalization of $675.21, a price-to-earnings ratio of 20.60, a P/E/G ratio of 1.73 and a beta of 0.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 7.14 and a quick ratio of 7.14. Urstadt Biddle Properties has a 1-year low of $17.20 and a 1-year high of $23.94.
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.
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