Equities research analysts forecast that Urstadt Biddle Properties Inc (NYSE:UBA) will announce sales of $33.14 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the highest sales estimate coming in at $33.34 million and the lowest estimate coming in at $32.93 million. Urstadt Biddle Properties reported sales of $32.31 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is scheduled to issue its next quarterly earnings results on Friday, December 21st.
On average, analysts expect that Urstadt Biddle Properties will report full-year sales of $135.94 million for the current fiscal year, with estimates ranging from $135.74 million to $136.15 million. For the next financial year, analysts anticipate that the firm will post sales of $135.92 million, with estimates ranging from $134.34 million to $137.49 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Urstadt Biddle Properties.
A number of research firms have weighed in on UBA. Zacks Investment Research lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, August 15th. DA Davidson lowered Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $24.00 to $23.00 in a research note on Tuesday, September 11th. ValuEngine upgraded Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Finally, TheStreet lowered Urstadt Biddle Properties from a “b-” rating to a “c+” rating in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Urstadt Biddle Properties presently has an average rating of “Hold” and an average target price of $22.00.
Shares of UBA stock opened at $20.58 on Wednesday. The firm has a market capitalization of $804.95 million, a P/E ratio of 17.90, a PEG ratio of 1.76 and a beta of 0.36. Urstadt Biddle Properties has a 1 year low of $17.20 and a 1 year 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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