Urstadt Biddle REIT Class A (UBA) Posts Quarterly Earnings, Beats Expectations By $0.05 EPS
Urstadt Biddle REIT Class A (NYSE: UBA) posted its quarterly earnings results on Wednesday. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.05.
A number of analysts have recently weighed in on UBA shares. Analysts at Zacks downgraded shares of Urstadt Biddle REIT Class A from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, February 13th. They now have a $19.60 price target on the stock. Analysts at TheStreet upgraded shares of Urstadt Biddle REIT Class A from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, January 30th.
Shares of Urstadt Biddle REIT Class A (UBA) traded down 0.28% during mid-day trading on Wednesday, hitting $21.72. Urstadt Biddle REIT Class A (UBA) has a one year low of $17.35 and a one year high of $21.80. The stock’s 50-day moving average is currently $20.49. The company has a market cap of $661.2 million and a P/E ratio of 48.94.
Urstadt Biddle Properties Inc. is a real estate investment trust (REIT) engaged in the acquisition, ownership and management of commercial real estate.
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