Urstadt Biddle Properties Inc. (NYSE:UBA) – Equities research analysts at DA Davidson dropped their FY2018 earnings per share estimates for Urstadt Biddle Properties in a research note issued on Tuesday. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will post earnings per share of $1.30 for the year, down from their previous forecast of $1.31.

Urstadt Biddle Properties (NYSE:UBA) last announced its quarterly earnings results on Friday, September 8th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.17. The business had revenue of $31.87 million during the quarter, compared to analyst estimates of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. WARNING: “FY2018 EPS Estimates for Urstadt Biddle Properties Inc. Lowered by DA Davidson (UBA)” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://theolympiareport.com/2017/09/15/fy2018-eps-estimates-for-urstadt-biddle-properties-inc-lowered-by-da-davidson-uba.html.

Several other equities analysts have also commented on the company. Zacks Investment Research raised Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. TheStreet raised Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. ValuEngine lowered Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. FBR & Co reissued a “mkt perform” rating and set a $20.00 price objective on shares of Urstadt Biddle Properties in a research report on Tuesday, July 11th. Finally, BidaskClub raised Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.33.

Shares of Urstadt Biddle Properties (NYSE:UBA) traded up 0.28% during mid-day trading on Thursday, reaching $21.75. 69,788 shares of the company’s stock were exchanged. The firm has a market capitalization of $820.06 million, a P/E ratio of 20.75 and a beta of 0.53. Urstadt Biddle Properties has a one year low of $18.32 and a one year high of $25.43. The stock has a 50-day moving average of $20.89 and a 200 day moving average of $20.29.

Several large investors have recently modified their holdings of UBA. State of Alaska Department of Revenue increased its holdings in shares of Urstadt Biddle Properties by 77.5% during the second quarter. State of Alaska Department of Revenue now owns 5,823 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 2,543 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Urstadt Biddle Properties by 10.3% during the first quarter. Mason Street Advisors LLC now owns 6,952 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 651 shares in the last quarter. Credit Agricole S A increased its holdings in shares of Urstadt Biddle Properties by 54.3% during the first quarter. Credit Agricole S A now owns 8,664 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 3,048 shares in the last quarter. Lasalle Investment Management Securities LLC bought a new position in shares of Urstadt Biddle Properties during the first quarter valued at $212,000. Finally, Naples Global Advisors LLC increased its holdings in shares of Urstadt Biddle Properties by 5.7% during the second quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 59.32% of the company’s stock.

Urstadt Biddle Properties declared that its Board of Directors has authorized a stock repurchase plan on Friday, June 9th that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.265 per share. The ex-dividend date is Thursday, October 5th. This represents a $1.06 annualized dividend and a dividend yield of 4.88%. Urstadt Biddle Properties’s payout ratio is presently 99.07%.

About Urstadt Biddle Properties

Urstadt Biddle Properties Inc is a real estate investment trust, which is engaged in the acquisition, ownership and management of commercial real estate. The Company owns Ridgeway Shopping Center (Ridgeway) property, which is located in Stamford, Connecticut. Its segments include Ridgeway and All Other Operating Segments.

Earnings History and Estimates for Urstadt Biddle Properties (NYSE:UBA)

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