About Urstadt Biddle Properties (NYSE:UBA)
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. Its primary business is the ownership of real estate investments with primary emphasis on properties in the metropolitan New York tri-state area outside of the City of New York. As of October 31, 2016, the Company's properties consisted principally of neighborhood and community shopping centers and seven office buildings. As of March 30, 2017, the Company owned or had equity interests in 80 properties, including neighborhood and community shopping centers, office buildings, single tenant retail or restaurant properties and office/retail mixed-use properties located in four states throughout the United States.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial REITs
- Sub-Industry: Retail REITs
- Symbol: NYSE:UBA
- CUSIP: 91728620
- Web: www.ubproperties.com
- Market Cap: $871.4 million
- Outstanding Shares: 37,704,000
- 50 Day Moving Avg: $21.84
- 200 Day Moving Avg: $20.51
- 52 Week Range: $18.32 - $25.43
Sales & Book Value:
- Trailing P/E Ratio: 21.11
- Foreward P/E Ratio: 17.02
- P/E Growth: 2.94
- Annual Revenue: $122.07 million
- Price / Sales: 6.83
- Book Value: $10.78 per share
- Price / Book: 2.05
- Annual Dividend: $1.06
- Dividend Yield: 4.8%
- EBITDA: $74.49 million
- Net Margins: 44.45%
- Return on Equity: 13.62%
- Return on Assets: 5.65%
- Debt-to-Equity Ratio: 0.71%
- Current Ratio: 7.58%
- Quick Ratio: 7.58%
- Average Volume: 116,860 shs.
- Beta: 0.53
- Short Ratio: 3.5
Frequently Asked Questions for Urstadt Biddle Properties (NYSE:UBA)
What is Urstadt Biddle Properties' stock symbol?
Urstadt Biddle Properties trades on the New York Stock Exchange (NYSE) under the ticker symbol "UBA."
How often does Urstadt Biddle Properties pay dividends? What is the dividend yield for Urstadt Biddle Properties?
Urstadt Biddle Properties announced a quarterly dividend on Thursday, September 7th. Stockholders of record on Friday, October 6th will be paid a dividend of $0.265 per share on Friday, October 20th. This represents a $1.06 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, October 5th. View Urstadt Biddle Properties' Dividend History.
How will Urstadt Biddle Properties' stock buyback program work?
Urstadt Biddle Properties announced that its board has approved a share repurchase program on Saturday, June 10th 2017, which authorizes the company to repurchase 2,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
How were Urstadt Biddle Properties' earnings last quarter?
Urstadt Biddle Properties Inc. (NYSE:UBA) released its quarterly earnings results on Friday, September, 8th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.17. The business had revenue of $31.87 million for the quarter, compared to analysts' expectations of $29.30 million. Urstadt Biddle Properties had a net margin of 44.45% and a return on equity of 13.62%. View Urstadt Biddle Properties' Earnings History.
When will Urstadt Biddle Properties make its next earnings announcement?
Where is Urstadt Biddle Properties' stock going? Where will Urstadt Biddle Properties' stock price be in 2017?
2 brokers have issued twelve-month price objectives for Urstadt Biddle Properties' shares. Their predictions range from $20.00 to $23.00. On average, they anticipate Urstadt Biddle Properties' stock price to reach $21.50 in the next year. View Analyst Ratings for Urstadt Biddle Properties.
What are analysts saying about Urstadt Biddle Properties stock?
Here are some recent quotes from research analysts about Urstadt Biddle Properties stock:
- 1. According to Zacks Investment Research, "Urstadt Biddle Properties is a self-administered equity real estate investment trust that provides investors with an investment vehicle for participating in ownership of income-producing properties. Their core properties consist principally of community shopping centers located in the northeast. " (9/27/2017)
- 2. FBR & Co analysts commented, "We raise our earnings estimates for UBA, post a refinancing of the Series F preferred (7.125% coupon) with the recently issued lower-cost Series H preferred (6.25%), and given upside to our 3Q17 earnings estimates. Our 2017 FFO increases from $1.18, to $1.25, and our 2018 FFO increases from $1.24, to $1.30." (9/21/2017)
Who are some of Urstadt Biddle Properties' key competitors?
Some companies that are related to Urstadt Biddle Properties include Workspace Group plc (WKP), Global Net Lease (GNL), Seritage Growth Properties (SRG), CBL & Associates Properties (CBL), Hannon Armstrong Sustainable Infrastructure Capital (HASI), New York REIT (NYRT), Monmouth Real Estate Investment Corporation (MNR), Londonmetric Property PLC (LMP), Newriver Reit PLC (NRR), Easterly Government Properties (DEA), Redefine International PLC (RDI), First Potomac Realty Trust (FPO), Armada Hoffler Properties (AHH), Gladstone Commercial Corporation (GOOD), Whitestone REIT (WSR), One Liberty Properties (OLP), Picton Property Income Ltd (PCTN) and Standard Life Inv Prop Inc Trust Ltd (SLI).
Who are Urstadt Biddle Properties' key executives?
Urstadt Biddle Properties' management team includes the folowing people:
- John T. Hayes, Chief Financial Officer, Senior Vice President, Treasurer
- Stephan A. Rapaglia, Chief Operating Officer, Senior Vice President - Real Estate, Counsel and Assistant Secretary
- Kevin J. Bannon, Director
- George H.C. Lawrence, Director
- Robert J. Mueller, Director
- Catherine U. Biddle, Independent Director
- Willing L. Biddle, Independent Director
Who owns Urstadt Biddle Properties stock?
Urstadt Biddle Properties' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Baker Ellis Asset Management LLC (0.25%). Company insiders that own Urstadt Biddle Properties stock include Charles J Urstadt, John T Hayes, Stephan A Rapaglia, Thomas D Myers and Willing L Biddle. View Institutional Ownership Trends for Urstadt Biddle Properties.
Who bought Urstadt Biddle Properties stock? Who is buying Urstadt Biddle Properties stock?
Urstadt Biddle Properties' stock was acquired by a variety of institutional investors in the last quarter, including Baker Ellis Asset Management LLC. Company insiders that have bought Urstadt Biddle Properties stock in the last two years include Charles J Urstadt and Willing L Biddle. View Insider Buying and Selling for Urstadt Biddle Properties.
How do I buy Urstadt Biddle Properties stock?
Shares of Urstadt Biddle Properties can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Urstadt Biddle Properties' stock price today?
MarketBeat Community Rating for Urstadt Biddle Properties (NYSE UBA)MarketBeat's community ratings are surveys of what our community members think about Urstadt Biddle Properties and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Urstadt Biddle Properties stock can currently be purchased for approximately $22.12.
Earnings History for Urstadt Biddle Properties (NYSE:UBA)Earnings History by Quarter for Urstadt Biddle Properties (NYSE UBA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|9/8/2017||Q3 2017||$0.16||$0.33||$29.30 million||$31.87 million||View||N/A|
|6/7/2016||Q2||$0.27||$0.31||$28.45 million||$29.17 million||View||N/A|
|3/10/2016||Q1||$0.30||$0.26||$29.00 million||$27.45 million||View||N/A|
|12/12/2014||$0.30||$0.26||$25.11 million||$26.23 million||View||N/A|
|9/8/2014||$0.29||$0.29||$26.10 million||$24.96 million||View||N/A|
|6/9/2014||Q214||$0.29||$0.26||$25.50 million||$26.00 million||View||N/A|
|3/11/2014||Q114||$0.29||$0.27||$25.52 million||$25.20 million||View||N/A|
Earnings Estimates for Urstadt Biddle Properties (NYSE:UBA)
2017 EPS Consensus Estimate: $0.91
2018 EPS Consensus Estimate: $1.34
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Urstadt Biddle Properties (NYSE:UBA)
|Most Recent Dividend:||10/20/2017|
|Dividend Growth:||1.30% (3 Year Average)|
|Payout Ratio:||99.07% (Trailing 12 Months of Earnings) |
84.80% (Based on This Year's Estimates)
81.54% (Based on Next Year's Estimates)
|Track Record:||17 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Urstadt Biddle Properties (NYSE UBA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Urstadt Biddle Properties (NYSE:UBA)
Insider Ownership Percentage: 20.06%Insider Trades by Quarter for Urstadt Biddle Properties (NYSE:UBA)
Institutional Ownership Percentage: 59.32%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/5/2017||John T Hayes||VP||Sell||4,900||$22.20||$108,780.00|| |
|9/20/2017||Stephan A. Rapaglia||COO||Sell||1,500||$21.70||$32,550.00|| |
|4/18/2017||Willing L Biddle||CEO||Buy||100||$17.36||$1,736.00|| |
|4/17/2017||Willing L Biddle||CEO||Buy||200||$17.30||$3,460.00|| |
|1/18/2017||John T. Hayes||CFO||Sell||2,600||$23.34||$60,684.00|| |
|12/21/2016||Stephan A. Rapaglia||COO||Sell||2,000||$24.34||$48,680.00|| |
|10/5/2016||John T. Hayes||VP||Sell||3,000||$22.15||$66,450.00|| |
|6/21/2016||Stephan A. Rapaglia||COO||Sell||1,500||$23.52||$35,280.00|| |
|6/10/2016||Thomas D Myers||EVP||Sell||5,000||$22.97||$114,850.00|| |
|4/15/2016||Charles J Urstadt||Chairman||Buy||5,000||$21.00||$105,000.00|| |
|4/6/2016||Charles J Urstadt||Chairman||Buy||3,000||$20.50||$61,500.00|| |
|1/29/2016||Thomas D Myers||EVP||Sell||10,000||$20.00||$200,000.00|| |
|1/22/2016||Charles J Urstadt||Chairman||Buy||35,590||$19.00||$676,210.00|| |
|6/24/2015||Kevin J Bannon||Director||Buy||5,000||$19.38||$96,900.00|| |
|1/16/2015||Charles J Urstadt||Chairman||Buy||6,000||$23.20||$139,200.00|| |
|1/8/2015||Charles J Urstadt||Chairman||Buy||34,000||$22.40||$761,600.00|| |
|1/8/2015||John T Hayes||CFO||Sell||6,500||$22.40||$145,600.00|| |
|1/8/2015||Stephan A Rapaglia||COO||Sell||1,750||$22.40||$39,200.00|| |
|1/8/2015||Thomas D Myers||EVP||Sell||10,000||$22.40||$224,000.00|| |
|5/6/2014||Charles Urstadt||major shareholder||Buy||15,000||$20.12||$301,800.00|| |
|4/22/2014||Charles Urstadt||major shareholder||Buy||5,000||$20.90||$104,500.00|| |
|4/8/2014||Thomas Myers||EVP||Sell||10,000||$20.50||$205,000.00|| |
|1/22/2014||John T Hayes||CFO||Sell||6,000||$18.74||$112,440.00|| |
Headline Trends for Urstadt Biddle Properties (NYSE:UBA)
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Urstadt Biddle Properties (UBA) Chart for Sunday, October, 22, 2017