Urstadt Biddle Properties Inc. (NYSE: UBA) changed -1.07% to recent value of $24.01. The stock transacted 67417 shares during most recent day however it has an average volume of 87.35K shares. It spotted trading -3.03% off 52-week high price. On the other end, the stock has been noted 29.78% away from the low price over the last 52-weeks.
Urstadt Biddle Properties Inc. (NYSE: UBA) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Consensus Estimate of $0.35 per share. This compares to FFO of $0.35 per share a year ago. These figures are adjusted for non-recurring items.
The current consensus FFO estimate is $0.36 on $34.78M in revenues for the coming quarter and $1.43 on $138.42M in revenues for the current fiscal year.
In terms of the Industry Rank, REIT and Equity Trust – Retail is presently in the top 34% of the 250 plus industries. Our research shows that the top 50% of the ranked industries outperform the bottom 50% by a factor of over 2 to 1.
This quarterly report represents an FFO surprise of 5.71%. A quarter ago, it was predictable that this commercial real estate investment trust would post FFO of $0.35 per share when it actually produced FFO of $0.35, delivering no surprise.
Urstadt Biddle Properties Inc. (UBA), which belongs to the REIT and Equity Trust – Retail industry, posted revenues of $34.55M for the quarter ended July 2019, surpassing the Consensus Estimate by 0.40%. This compares to year-before revenues of $32.81M. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management’s commentary on the earnings call.
Urstadt Biddle Properties Inc. (UBA) shares have added about 12.9% since the starting of the year versus the S&P 500’s gain of 17.2%.
UBA has a gross margin of 66.90% and an operating margin of 38.50% while its profit margin remained 17.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained -25.80% for this year while earning per share for the next 5-years is expected to reach at 8.00%. The company has 37.59M of outstanding shares and 31.53M shares were floated in the market. The price moved ahead of -0.11% from the mean of 20 days, 2.14% from mean of 50 days SMA and performed 9.65% from mean of 200 days price. Company’s performance for the week was -1.32%, 1.91% for month and YTD performance remained 24.92%.