Brokerages expect Urstadt Biddle Properties Inc Class A (NYSE:UBA) to report $0.33 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Urstadt Biddle Properties Inc Class A’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.29. Urstadt Biddle Properties Inc Class A posted earnings per share of $0.21 during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The firm is expected to announce its next quarterly earnings report on Friday, December 21st.

According to Zacks, analysts expect that Urstadt Biddle Properties Inc Class A will report full year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.48. For the next fiscal year, analysts forecast that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.38 to $1.45. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Urstadt Biddle Properties Inc Class A.

A number of equities analysts have commented on the stock. ValuEngine lowered shares of Urstadt Biddle Properties Inc Class A from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Urstadt Biddle Properties Inc Class A from a “buy” rating to a “hold” rating in a research report on Wednesday, June 6th. DA Davidson boosted their price target on shares of Urstadt Biddle Properties Inc Class A to $24.00 and gave the company a “buy” rating in a research report on Friday, June 15th. Finally, TheStreet upgraded shares of Urstadt Biddle Properties Inc Class A from a “c+” rating to a “b-” rating in a research report on Thursday, May 24th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.00.

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 shares were sold at an average price of $22.61, for a total value of $86,686.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 20.06% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in UBA. Piedmont Investment Advisors LLC bought a new position in shares of Urstadt Biddle Properties Inc Class A in the second quarter worth about $157,000. Itau Unibanco Holding S.A. bought a new position in shares of Urstadt Biddle Properties Inc Class A in the second quarter worth about $199,000. Meeder Asset Management Inc. raised its stake in shares of Urstadt Biddle Properties Inc Class A by 94.5% in the second quarter. Meeder Asset Management Inc. now owns 8,895 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 4,321 shares during the last quarter. Vident Investment Advisory LLC bought a new position in shares of Urstadt Biddle Properties Inc Class A in the second quarter worth about $212,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Urstadt Biddle Properties Inc Class A by 187.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,776 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 6,377 shares during the last quarter. 58.25% of the stock is owned by institutional investors.

NYSE:UBA traded up $0.04 on Thursday, reaching $20.64. The stock had a trading volume of 86,100 shares, compared to its average volume of 93,705. The firm has a market cap of $816.02 million, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.29. Urstadt Biddle Properties Inc Class A has a 1-year low of $17.20 and a 1-year high of $23.94. The company has a quick ratio of 17.47, a current ratio of 8.30 and a debt-to-equity ratio of 0.82.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, October 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $1.08 dividend on an annualized basis and a yield of 5.23%. Urstadt Biddle Properties Inc Class A’s dividend payout ratio (DPR) 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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Earnings History and Estimates for Urstadt Biddle Properties Inc Class A (NYSE:UBA)

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