Urstadt Biddle Properties Inc (NYSE:UBA) – Equities researchers at DA Davidson reduced their Q1 2018 earnings estimates for shares of Urstadt Biddle Properties in a research report issued on Tuesday, Zacks Investment Research reports. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will earn $0.33 per share for the quarter, down from their prior estimate of $0.34. DA Davidson also issued estimates for Urstadt Biddle Properties’ Q2 2018 earnings at $0.33 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.32 EPS.
Several other analysts have also recently commented on UBA. Zacks Investment Research cut Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Deutsche Bank reiterated a “hold” rating and set a $23.00 price target (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. FBR & Co reiterated a “hold” rating and set a $20.00 price target on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. Finally, B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.33.
Urstadt Biddle Properties (NYSE UBA) traded down $0.03 during trading on Thursday, hitting $20.13. The stock had a trading volume of 47,559 shares, compared to its average volume of 78,167. The stock has a market capitalization of $767.27, a PE ratio of 22.88, a PEG ratio of 2.05 and a beta of 0.54. Urstadt Biddle Properties has a 1-year low of $18.32 and a 1-year high of $23.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 7.58 and a quick ratio of 7.58.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.37%. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, January 4th. Urstadt Biddle Properties’s payout ratio is presently 122.73%.
In other news, Director Catherine U. Biddle purchased 109,542 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was purchased at an average cost of $16.00 per share, for a total transaction of $1,752,672.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 20.06% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Heartland Advisors Inc. acquired a new position in Urstadt Biddle Properties during the second quarter worth $2,970,000. Dimensional Fund Advisors LP boosted its stake in 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 worth $8,022,000 after buying an additional 33,303 shares during the last quarter. American Century Companies Inc. boosted its stake in Urstadt Biddle Properties by 9.0% during the second quarter. American Century Companies Inc. now owns 424,499 shares of the real estate investment trust’s stock worth $8,405,000 after buying an additional 35,122 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Urstadt Biddle Properties by 9.1% during 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 buying an additional 5,140 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Urstadt Biddle Properties by 49.6% during the third quarter. Prudential Financial Inc. now owns 157,648 shares of the real estate investment trust’s stock worth $3,421,000 after buying an additional 52,260 shares during the last quarter. 60.09% of the stock is currently owned by institutional investors.
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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.
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