Urstadt Biddle Properties Inc. (NYSE:UBA) – Equities researchers at FBR & Co lifted their FY2017 EPS estimates for Urstadt Biddle Properties in a research report issued on Thursday. FBR & Co analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $1.25 per share for the year, up from their prior forecast of $1.18. FBR & Co has a “Hold” rating and a $20.00 price target on the stock. FBR & Co also issued estimates for Urstadt Biddle Properties’ Q4 2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.32 EPS, Q2 2018 earnings at $0.32 EPS, Q3 2018 earnings at $0.33 EPS, Q4 2018 earnings at $0.33 EPS and FY2018 earnings at $1.30 EPS.

Several other analysts also recently weighed in on UBA. BidaskClub upgraded shares of Urstadt Biddle Properties from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Deutsche Bank AG reiterated a “hold” rating and issued a $23.00 price objective (up from $22.00) on shares of Urstadt Biddle Properties in a research report on Wednesday. Zacks Investment Research downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. ValuEngine downgraded shares of Urstadt Biddle Properties from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.50.

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Urstadt Biddle Properties (UBA) opened at 21.52 on Friday. The firm’s 50-day moving average is $20.96 and its 200 day moving average is $20.25. The firm has a market capitalization of $811.39 million, a price-to-earnings ratio of 20.53 and a beta of 0.53. Urstadt Biddle Properties has a 12 month low of $18.32 and a 12 month high of $25.43.

Urstadt Biddle Properties (NYSE:UBA) last issued its earnings results on Friday, September 8th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.17. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. The company had revenue of $31.87 million for the quarter, compared to analyst estimates of $29.30 million.

Urstadt Biddle Properties announced that its board has approved a share repurchase program on Friday, June 9th that authorizes the company to buyback 2,000,000 outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.93%. Urstadt Biddle Properties’s dividend payout ratio (DPR) is 99.07%.

In other Urstadt Biddle Properties news, COO Stephan A. Rapaglia sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $21.70, for a total transaction of $32,550.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.06% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its position in shares of Urstadt Biddle Properties by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 15,552 shares of the real estate investment trust’s stock worth $308,000 after buying an additional 100 shares in the last quarter. UBS Group AG raised its position in shares of Urstadt Biddle Properties by 1.4% during the 1st quarter. UBS Group AG now owns 12,623 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 176 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Urstadt Biddle Properties by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 21,706 shares of the real estate investment trust’s stock worth $430,000 after buying an additional 181 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Urstadt Biddle Properties by 4.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 500 shares in the last quarter. Finally, Naples Global Advisors LLC raised its position in shares of Urstadt Biddle Properties by 5.7% during the 2nd quarter. Naples Global Advisors LLC now owns 11,175 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 600 shares in the last quarter. Institutional investors own 59.32% of the company’s stock.

Urstadt Biddle Properties Company Profile

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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