Urstadt Biddle Properties Inc (UBA) Expected to Post Quarterly Sales of $33.14 Million

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.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Urstadt Biddle Properties during the 2nd quarter valued at about $585,000. Dupont Capital Management Corp grew its position in shares of Urstadt Biddle Properties by 114.8% during the 2nd quarter. Dupont Capital Management Corp now owns 64,541 shares of the real estate investment trust’s stock valued at $1,461,000 after acquiring an additional 34,498 shares during the period. Northern Trust Corp grew its position in shares of Urstadt Biddle Properties by 0.4% during the 2nd quarter. Northern Trust Corp now owns 575,759 shares of the real estate investment trust’s stock valued at $13,030,000 after acquiring an additional 2,531 shares during the period. Renaissance Technologies LLC grew its position in shares of Urstadt Biddle Properties by 20.8% during the 2nd quarter. Renaissance Technologies LLC now owns 844,400 shares of the real estate investment trust’s stock valued at $19,109,000 after acquiring an additional 145,300 shares during the period. Finally, Virginia Retirement Systems ET AL grew its position in shares of Urstadt Biddle Properties by 45.5% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 33,600 shares of the real estate investment trust’s stock valued at $715,000 after acquiring an additional 10,500 shares during the period. Hedge funds and other institutional investors own 59.02% of the company’s stock.

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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