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
Industry Commercial REITs
Trailing P/E Ratio19.8557761752908
Forward P/E Ratio13.71
Sales & Book Value
Annual Sales$123.56 million
Price / Sales5.62
Cash Flow$2.05 per share
Price / Cash8.74
Book Value$10.08 per share
Price / Book1.78
Net Income$52.93 million
Return on Equity13.19%
Return on Assets5.38%
Urstadt Biddle Properties (NYSE:UBA) Frequently Asked Questions
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 Friday, December 15th. Investors of record on Friday, January 5th will be paid a dividend of $0.27 per share on Friday, January 19th. This represents a $1.08 annualized dividend and a yield of 6.01%. The ex-dividend date is Thursday, January 4th. This is an increase from Urstadt Biddle Properties's previous quarterly dividend of $0.27. View Urstadt Biddle Properties' Dividend History.
How will Urstadt Biddle Properties' stock buyback program work?
Urstadt Biddle Properties declared that its board has initiated a stock repurchase plan on Saturday, June 10th 2017, which authorizes the company to repurchase 2,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.
How were Urstadt Biddle Properties' earnings last quarter?
Urstadt Biddle Properties Inc (NYSE:UBA) posted its earnings results on Friday, December, 15th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.29. The real estate investment trust earned $32.31 million during the quarter, compared to the consensus estimate of $30.01 million. Urstadt Biddle Properties had a return on equity of 13.19% and a net margin of 42.95%. 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 2018?
3 equities research analysts have issued 1 year price objectives for Urstadt Biddle Properties' stock. Their forecasts range from $20.00 to $23.00. On average, they expect Urstadt Biddle Properties' share price to reach $21.00 in the next year. View Analyst Ratings for Urstadt Biddle Properties.
What are Wall Street 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. " (2/23/2018)
- 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 Hannon Armstrong Sustnbl Infrstr Cap (HASI), Global Net Lease (GNL), Monmouth R.E. Inv. (MNR), Inland Real Estate (IRC), Newriver Reit (NRR), Easterly Government Properties (DEA), CBL & Associates Properties (CBL), First Potomac Realty Trust (FPO), Brookfield Canada Office Properties (BOXC), Armada Hoffler Properties (AHH), Gladstone Commercial (GOOD), Whitestone REIT (WSR), Picton Property Income (PCTN), One Liberty Properties (OLP), Regional REIT (RGL), Standard Life Inv Prop Inc Trust (SLI), Winthrop Realty Trust (FUR) and New York REIT (NYRT).
Who are Urstadt Biddle Properties' key executives?
Urstadt Biddle Properties' management team includes the folowing people:
- Charles J. Urstadt, Chairman of the Board (Age 89)
- Willing L. Biddle, President, Chief Executive Officer, Director (Age 56)
- Charles D. Urstadt, Vice Chairman of the Board (Age 58)
- John T. Hayes, Chief Financial Officer, Senior Vice President, Treasurer (Age 51)
- Stephan A. Rapaglia, Chief Operating Officer, Senior Vice President - Real Estate, Counsel and Assistant Secretary (Age 47)
- Kevin J. Bannon, Director (Age 65)
- George H.C. Lawrence, Director (Age 80)
- Robert J. Mueller, Director (Age 76)
- Catherine U. Biddle, Independent Director (Age 54)
- Noble O. Carpenter JR, Independent Director (Age 56)
Who owns Urstadt Biddle Properties stock?
Urstadt Biddle Properties' stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.23%), Renaissance Technologies LLC (1.76%), Bank of New York Mellon Corp (1.16%), Thrivent Financial For Lutherans (0.86%), American Century Companies Inc. (0.79%) and Schwab Charles Investment Management Inc. (0.58%). Company insiders that own Urstadt Biddle Properties stock include Catherine U Biddle, 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 sold Urstadt Biddle Properties stock? Who is selling Urstadt Biddle Properties stock?
Urstadt Biddle Properties' stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Millennium Management LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, Renaissance Technologies LLC, Deutsche Bank AG, Citadel Advisors LLC and Guggenheim Capital LLC. Company insiders that have sold Urstadt Biddle Properties company stock in the last year include John T Hayes and Stephan A Rapaglia. View Insider Buying and Selling 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 BlackRock Inc., Thrivent Financial For Lutherans, Schwab Charles Investment Management Inc., TIAA CREF Investment Management LLC, Pinebridge Investments L.P., Arizona State Retirement System, Martingale Asset Management L P and Virtu Financial LLC. Company insiders that have bought Urstadt Biddle Properties stock in the last two years include Catherine U Biddle, 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 with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Urstadt Biddle Properties' stock price today?
One share of Urstadt Biddle Properties stock can currently be purchased for approximately $17.96.
How big of a company is Urstadt Biddle Properties?
Urstadt Biddle Properties has a market capitalization of $681.36 million and generates $123.56 million in revenue each year. The real estate investment trust earns $52.93 million in net income (profit) each year or $0.90 on an earnings per share basis. Urstadt Biddle Properties employs 51 workers across the globe.
How can I contact Urstadt Biddle Properties?
Urstadt Biddle Properties' mailing address is 321 RAILROAD AVENUE, GREENWICH CT, 06830. The real estate investment trust can be reached via phone at 203-863-8200 or via email at [email protected]
MarketBeat Community Rating for Urstadt Biddle Properties (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.
Urstadt Biddle Properties (NYSE:UBA) Earnings History and Estimates Chart
Urstadt Biddle Properties (NYSE UBA) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|12/15/2017||Q4 2017||$0.30||$0.01||$30.01 million||$32.31 million||View||N/A|
|9/8/2017||Q3 2017||$0.16||$0.33||$29.30 million||$31.87 million||View||N/A|
|6/8/2017||Q2 2017||$0.29||$0.64||$29.31 million||$29.99 million||View||N/A|
|3/10/2017||Q1 2017||$0.33||$0.09||$29.32 million||$29.07 million||View||N/A|
|12/15/2016||Q4 2016||$0.32||$0.18||$29.85 million||$31.90 million||View||N/A|
|9/8/2016||Q3 2016||$0.38||$0.14||$31.30 million||$28.28 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|
|6/8/2015||Q2 2015||$0.11||$30.05 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|
|12/12/2013||Q4||$0.31||$0.29||$23.90 million||$24.06 million||View||N/A|
|9/6/2013||Q3 2013||$0.29||$0.13||$23.61 million||View||N/A|
|6/7/2013||Q2 2013||$0.25||$0.10||$23.77 million||$23.23 million||View||N/A|
|3/6/2013||Q412||$0.21||$0.26||$23.51 million||$24.14 million||View||N/A|
Urstadt Biddle Properties (NYSE:UBA) Earnings Estimates
2018 EPS Consensus Estimate: $1.33
2019 EPS Consensus Estimate: $1.40
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Urstadt Biddle Properties (NYSE:UBA) Dividend Information
|Most Recent Dividend:||1/19/2018|
|Dividend Growth:||1.60% (3 Year Average)|
|Payout Ratio:||120.00% (Trailing 12 Months of Earnings) |
82.44% (Based on This Year's Estimates)
77.14% (Based on Next Year's Estimates)
|Track Record:||18 Years of Consecutive Dividend Growth|
Urstadt Biddle Properties (NYSE:UBA) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Urstadt Biddle Properties (NYSE UBA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 20.06%
Institutional Ownership Percentage: 59.84%
Urstadt Biddle Properties (NYSE UBA) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/22/2017||Catherine U Biddle||Director||Buy||109,542||$16.00||$1,752,672.00|| |
|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||43,500|| |
|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|| |
Urstadt Biddle Properties (NYSE UBA) News Headlines
Urstadt Biddle Properties (NYSE:UBA) SEC Filings
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Urstadt Biddle Properties (NYSE:UBA) Income Statement, Balance Sheet and Cash Flow Statement
Urstadt Biddle Properties (NYSE UBA) Stock Chart for Friday, February, 23, 2018