Zacks: Brokerages Anticipate Urstadt Biddle Properties Inc Class A (UBA) Will Announce Quarterly Sales of $32.58 Million

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Brokerages expect Urstadt Biddle Properties Inc Class A (NYSE:UBA) to post sales of $32.58 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Urstadt Biddle Properties Inc Class A’s earnings. The lowest sales estimate is $32.21 million and the highest is $33.14 million. Urstadt Biddle Properties Inc Class A reported sales of $31.87 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The firm is scheduled to announce its next earnings results on Friday, September 14th.

According to Zacks, analysts expect that Urstadt Biddle Properties Inc Class A will report full-year sales of $133.01 million for the current year, with estimates ranging from $131.07 million to $134.90 million. For the next year, analysts expect that the company will post sales of $134.13 million per share, with estimates ranging from $131.83 million to $136.57 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Urstadt Biddle Properties Inc Class A.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Urstadt Biddle Properties Inc Class A from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. DA Davidson boosted their price objective on Urstadt Biddle Properties Inc Class A to $24.00 and gave the stock a “buy” rating in a report on Friday, June 15th. Finally, TheStreet upgraded Urstadt Biddle Properties Inc Class A from a “c+” rating to a “b-” rating in a report on Thursday, May 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Urstadt Biddle Properties Inc Class A has a consensus rating of “Hold” and an average price target of $22.20.

In other Urstadt Biddle Properties Inc Class A news, VP John T. Hayes sold 3,834 shares of the business’s stock in a transaction dated 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 SEC, which is available at this hyperlink. 20.06% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its stake in Urstadt Biddle Properties Inc Class A by 16.4% during the 1st quarter. Legal & General Group Plc now owns 143,294 shares of the real estate investment trust’s stock valued at $2,775,000 after acquiring an additional 20,141 shares in the last quarter. Albert D Mason Inc. grew its stake in Urstadt Biddle Properties Inc Class A by 8.5% during the 1st quarter. Albert D Mason Inc. now owns 51,704 shares of the real estate investment trust’s stock valued at $998,000 after acquiring an additional 4,050 shares in the last quarter. Wells Fargo & Company MN grew its stake in Urstadt Biddle Properties Inc Class A by 22.3% during the 4th quarter. Wells Fargo & Company MN now owns 57,711 shares of the real estate investment trust’s stock valued at $1,255,000 after acquiring an additional 10,506 shares in the last quarter. Advisor Group Inc. grew its stake in Urstadt Biddle Properties Inc Class A by 88.0% during the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 2,868 shares in the last quarter. Finally, Swiss National Bank grew its stake in Urstadt Biddle Properties Inc Class A by 7.9% during the 1st quarter. Swiss National Bank now owns 51,836 shares of the real estate investment trust’s stock valued at $1,000,000 after acquiring an additional 3,800 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors.

Urstadt Biddle Properties Inc Class A traded down $0.18, hitting $22.06, during midday trading on Friday, Marketbeat Ratings reports. The company’s stock had a trading volume of 42,897 shares, compared to its average volume of 80,970. The company has a current ratio of 17.47, a quick ratio of 17.47 and a debt-to-equity ratio of 0.82. The stock has a market cap of $881.42 million, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.96 and a beta of 0.34. Urstadt Biddle Properties Inc Class A has a 12 month low of $17.20 and a 12 month high of $23.94.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 20th. Shareholders of record on Friday, July 6th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, July 5th. This represents a $1.08 annualized dividend and a yield of 4.90%. Urstadt Biddle Properties Inc Class A’s payout ratio is presently 93.91%.

About Urstadt Biddle Properties Inc Class A

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 83 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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