News coverage about Urstadt Biddle Properties (NYSE:UBA) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Urstadt Biddle Properties earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.1167455127711 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of brokerages recently weighed in on UBA. Zacks Investment Research raised shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, September 27th. FBR & Co reissued a “hold” rating and issued a $20.00 price target on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. Deutsche Bank AG reissued a “hold” rating and issued a $23.00 price target (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Urstadt Biddle Properties presently has an average rating of “Hold” and an average price target of $22.33.
Urstadt Biddle Properties (NYSE:UBA) traded down $0.33 during midday trading on Friday, reaching $21.96. 50,725 shares of the company’s stock were exchanged, compared to its average volume of 84,101. The company has a debt-to-equity ratio of 0.71, a current ratio of 7.58 and a quick ratio of 7.58. The company has a market capitalization of $865.09, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings data on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.17. The company had revenue of $31.87 million for the quarter, compared to analyst estimates of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. analysts expect that Urstadt Biddle Properties will post 1.25 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, October 6th were paid a $0.265 dividend. The ex-dividend date was Thursday, October 5th. This represents a $1.06 dividend on an annualized basis and a yield of 4.83%. Urstadt Biddle Properties’s dividend payout ratio is presently 99.07%.
In other news, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.20, for a total transaction of $108,780.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $21.70, for a total transaction of $32,550.00. The disclosure for this sale can be found here. Insiders own 20.06% of the company’s stock.
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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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