Urstadt Biddle Properties Inc (NYSE:UBA) – Stock analysts at DA Davidson decreased their Q1 2020 EPS estimates for shares of Urstadt Biddle Properties in a research report issued to clients and investors on Tuesday, June 11th. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings per share of $0.37 for the quarter, down from their previous forecast of $0.38. DA Davidson also issued estimates for Urstadt Biddle Properties’ Q2 2020 earnings at $0.37 EPS and Q3 2020 earnings at $0.38 EPS.

Several other research analysts also recently issued reports on the stock. TheStreet upgraded shares of Urstadt Biddle Properties from a “c+” rating to a “b-” rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded shares of Urstadt Biddle Properties from a “sell” rating to a “hold” rating in a report on Saturday, March 9th.

Shares of NYSE:UBA opened at $21.28 on Wednesday. The firm has a market cap of $867.33 million, a PE ratio of 14.48, a P/E/G ratio of 1.91 and a beta of 0.53. The company has a debt-to-equity ratio of 0.88, a current ratio of 8.44 and a quick ratio of 8.44. Urstadt Biddle Properties has a 52-week low of $18.50 and a 52-week high of $23.16.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 5.17%. Urstadt Biddle Properties’s payout ratio is 74.83%.

In related news, COO Stephan A. Rapaglia sold 1,874 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $20.74, for a total value of $38,866.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.78% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in Urstadt Biddle Properties in the 1st quarter valued at about $151,000. Goldman Sachs Group Inc. increased its stake in Urstadt Biddle Properties by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,709 shares of the real estate investment trust’s stock valued at $3,297,000 after buying an additional 29,432 shares during the last quarter. Oxford Asset Management LLP increased its stake in Urstadt Biddle Properties by 12.8% in the 1st quarter. Oxford Asset Management LLP now owns 101,239 shares of the real estate investment trust’s stock valued at $2,090,000 after buying an additional 11,493 shares during the last quarter. Geode Capital Management LLC increased its stake in Urstadt Biddle Properties by 9.3% in the 1st quarter. Geode Capital Management LLC now owns 391,421 shares of the real estate investment trust’s stock valued at $8,078,000 after buying an additional 33,362 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Urstadt Biddle Properties by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 182,556 shares of the real estate investment trust’s stock valued at $3,768,000 after buying an additional 5,439 shares during the last quarter. Institutional investors and hedge funds own 58.55% of the company’s stock.

Urstadt Biddle Properties Company Profile

Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 85 properties containing approximately 5.3 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 (NYSE:UBA)

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