Urstadt Biddle Properties Inc (NYSE:UBA) – Equities researchers at DA Davidson upped their Q2 2019 earnings per share (EPS) estimates for shares of Urstadt Biddle Properties in a research note issued to investors on Tuesday, March 12th. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.34. DA Davidson also issued estimates for Urstadt Biddle Properties’ Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $1.45 EPS, Q1 2020 earnings at $0.38 EPS, Q2 2020 earnings at $0.38 EPS, Q3 2020 earnings at $0.39 EPS, Q4 2020 earnings at $0.39 EPS and FY2020 earnings at $1.54 EPS.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings results on Friday, December 14th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.20). The company had revenue of $32.54 million during the quarter, compared to analyst estimates of $33.14 million. Urstadt Biddle Properties had a net margin of 28.07% and a return on equity of 9.80%.
Separately, Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd.
UBA stock opened at $20.75 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 18.35 and a current ratio of 8.44. The firm has a market capitalization of $832.40 million, a PE ratio of 14.12, a P/E/G ratio of 1.87 and a beta of 0.55. Urstadt Biddle Properties has a twelve month low of $18.50 and a twelve month high of $23.16.
Several hedge funds have recently bought and sold shares of UBA. FMR LLC increased its position in shares of Urstadt Biddle Properties by 754.5% in the 4th quarter. FMR LLC now owns 1,709 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,509 shares in the last quarter. Advisor Group Inc. increased its position in shares of Urstadt Biddle Properties by 59.8% in the 4th quarter. Advisor Group Inc. now owns 2,832 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 1,060 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Urstadt Biddle Properties by 318.8% in the 4th quarter. LS Investment Advisors LLC now owns 3,878 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 2,952 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Urstadt Biddle Properties by 64.0% in the 4th quarter. Meeder Asset Management Inc. now owns 7,078 shares of the real estate investment trust’s stock valued at $137,000 after buying an additional 2,761 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Urstadt Biddle Properties in the 4th quarter valued at $166,000. 59.00% of the stock is currently owned by institutional investors.
In related news, CEO Willing L. Biddle purchased 41,600 shares of the business’s stock in a transaction dated Wednesday, December 26th. The shares were bought at an average price of $15.50 per share, with a total value of $644,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 20.78% of the company’s stock.
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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