Brokerages Expect Urstadt Biddle Properties Inc (UBA) to Announce $0.34 Earnings Per Share

Wall Street brokerages forecast that Urstadt Biddle Properties Inc (NYSE:UBA) will post earnings per share (EPS) of $0.34 for the current quarter, Zacks reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with estimates ranging from $0.33 to $0.35. Urstadt Biddle Properties reported earnings per share of $0.21 during the same quarter last year, which would indicate a positive year over year growth rate of 61.9%. The firm is scheduled to report its next quarterly earnings results on Friday, December 21st.

According to Zacks, analysts expect that Urstadt Biddle Properties will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.46 to $1.48. For the next financial year, analysts forecast that the company will report earnings of $1.44 per share, with EPS estimates ranging from $1.44 to $1.45. Zacks’ EPS averages are an average based on a survey of research analysts that cover Urstadt Biddle Properties.

A number of brokerages recently issued reports on UBA. Zacks Investment Research cut shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. ValuEngine upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. TheStreet cut shares of Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research report on Wednesday, October 3rd. Finally, DA Davidson cut shares of Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $24.00 to $23.00 in a research report on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.00.

Large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC bought a new position in Urstadt Biddle Properties during the 2nd quarter worth approximately $157,000. Itau Unibanco Holding S.A. bought a new position in Urstadt Biddle Properties during the 2nd quarter worth approximately $199,000. Meeder Asset Management Inc. boosted its stake in Urstadt Biddle Properties by 94.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 8,895 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 4,321 shares during the last quarter. Vident Investment Advisory LLC bought a new position in Urstadt Biddle Properties during the 2nd quarter worth approximately $212,000. Finally, Jefferies Group LLC bought a new position in Urstadt Biddle Properties during the 3rd quarter worth approximately $201,000. Institutional investors own 59.02% of the company’s stock.

NYSE:UBA opened at $20.58 on Monday. The stock has a market cap of $804.95 million, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.76 and a beta of 0.36. Urstadt Biddle Properties has a 52 week low of $17.20 and a 52 week high of $23.94. The company has a quick ratio of 8.30, a current ratio of 8.30 and a debt-to-equity ratio of 0.82.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 84 properties containing approximately 5.1 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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Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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