Urstadt Biddle Properties Inc (NYSE:UBA) – Analysts at B. Riley boosted their FY2018 earnings per share estimates for Urstadt Biddle Properties in a research note issued to investors on Wednesday, September 12th, Zacks Investment Research reports. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings per share of $1.48 for the year, up from their prior estimate of $1.38. B. Riley also issued estimates for Urstadt Biddle Properties’ Q1 2019 earnings at $0.35 EPS, Q2 2019 earnings at $0.35 EPS and FY2019 earnings at $1.44 EPS.
UBA has been the subject of several other reports. ValuEngine downgraded Urstadt Biddle Properties from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. DA Davidson downgraded Urstadt Biddle Properties from a “buy” rating to a “neutral” rating and reduced their target price for the company from $24.00 to $23.00 in a report on Tuesday, September 11th. Finally, Zacks Investment Research raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Tuesday, June 19th. Four investment analysts have rated the stock with a hold rating, Urstadt Biddle Properties has an average rating of “Hold” and an average price target of $22.33.
Shares of Urstadt Biddle Properties stock traded up $0.35 on Thursday, hitting $21.29. The stock had a trading volume of 154,300 shares, compared to its average volume of 96,114. Urstadt Biddle Properties has a 52-week low of $17.20 and a 52-week high of $23.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 8.30 and a current ratio of 8.30. The company has a market capitalization of $820.01 million, a P/E ratio of 18.51, a PEG ratio of 1.76 and a beta of 0.29.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.07%. The ex-dividend date is Thursday, October 4th. Urstadt Biddle Properties’s dividend payout ratio is presently 93.91%.
In other Urstadt Biddle Properties news, VP John T. Hayes sold 3,834 shares of the company’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $22.61, for a total transaction of $86,686.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.06% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of UBA. Piedmont Investment Advisors LLC purchased a new stake in Urstadt Biddle Properties during the 2nd quarter valued at approximately $157,000. Itau Unibanco Holding S.A. purchased a new stake in Urstadt Biddle Properties during the 2nd quarter valued at approximately $199,000. Meeder Asset Management Inc. raised 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 valued at $201,000 after acquiring an additional 4,321 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in Urstadt Biddle Properties during the 2nd quarter valued at approximately $212,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Urstadt Biddle Properties by 187.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,776 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 6,377 shares during the last quarter. 58.24% of the stock is owned by hedge funds and other institutional investors.
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.
See Also: Stock Symbol
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Urstadt Biddle Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urstadt Biddle Properties and related companies with MarketBeat.com's FREE daily email newsletter.