Urstadt Biddle Properties Inc (NYSE:UBA) – Analysts at DA Davidson decreased their Q1 2018 earnings per share estimates for shares of Urstadt Biddle Properties in a report issued on Tuesday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings of $0.33 per share for the quarter, down from their prior forecast 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.
A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Friday. B. Riley reiterated a “neutral” rating on shares of Urstadt Biddle Properties in a research report on Wednesday, November 1st. FBR & Co reiterated a “hold” rating and set a $20.00 target price on shares of Urstadt Biddle Properties in a research report on Thursday, September 21st. Finally, Deutsche Bank reiterated a “hold” rating and set a $23.00 target price (up previously from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Urstadt Biddle Properties has an average rating of “Hold” and an average price target of $22.33.
A number of hedge funds have recently modified their holdings of UBA. SG Americas Securities LLC purchased a new stake in Urstadt Biddle Properties in the 3rd quarter valued at approximately $183,000. Janney Montgomery Scott LLC purchased a new stake in Urstadt Biddle Properties in the 3rd quarter valued at approximately $202,000. Stevens Capital Management LP purchased a new stake in Urstadt Biddle Properties in the 3rd quarter valued at approximately $207,000. Allianz Asset Management GmbH purchased a new stake in Urstadt Biddle Properties in the 3rd quarter valued at approximately $255,000. Finally, Capital Fund Management S.A. purchased a new stake in Urstadt Biddle Properties in the 2nd quarter valued at approximately $248,000. Hedge funds and other institutional investors own 60.09% of the company’s stock.
In related news, VP John T. Hayes sold 4,900 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $22.20, for a total value of $108,780.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 20.06% of the company’s stock.
The business 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 $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Thursday, January 4th. This is a boost from Urstadt Biddle Properties’s previous quarterly dividend of $0.27. Urstadt Biddle Properties’s payout ratio is 117.78%.
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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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