With over 0.12 million Urstadt Biddle Properties Inc. (UBA) shares trading Friday and a closing price of $18.45 on the day, the dollar volume was approximately $2.29 million. The shares have shown a positive half year performance of 5.61% and its price on 01/20/23 lost nearly -0.05%. Currently, there are 38.38M common shares owned by the public and among those 30.47M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for UBA have a consensus price objective of $21.00. The analysts have set the share’s price value over the next 12 months at a high of $21.00 and a low of $21.00. The average price target is 6.2% above its recent price level and an upside to the estimated low will see the stock gain 12.14% over that period. But an upside of 12.14% will see the stock hit the forecast high price target while median target price for the stock is $21.00.
Insiders at the company have transacted a total of 5 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 3 of these insider trades were purchases, accounting for 42,600 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 9,707 shares.
The top 3 mutual fund holders in Urstadt Biddle Properties Inc. are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and iShares Russell 2000 ETF. iShares Core S&P Small Cap ETF owns 1.95 million shares of the company’s stock, all valued at over $36.91 million. Vanguard Real Estate Index Fund sold 10600.0 shares to see its total holdings shrink to 1.33 million shares valued at over $25.27 million and representing 4.47% of the shares outstanding. iShares Russell 2000 ETF sold 6893.0 shares to bring its total holdings to over 0.66 million shares at a value of $12.48 million. iShares Russell 2000 ETF now owns shares totaling to 2.21% of the shares outstanding.
Shares of Urstadt Biddle Properties Inc. (NYSE: UBA) opened at $18.57, up $0.11 from a prior closing price of $18.46. However, the script later moved the day high at 18.57, down -0.05%. The company’s stock has a 5-day price change of -1.70% and 5.97% over the past three months. UBA shares are trading -2.64% year to date (YTD), with the 12-month market performance down to -7.80% lower. It has a 12-month low price of $15.07 and touched a high of $20.73 over the same period. UBA has an average intraday trading volume of 129.19K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.13%, -1.23%, and 4.93% respectively.
Institutional ownership of Urstadt Biddle Properties Inc. (NYSE: UBA) shares accounts for 71.80% of the company’s 38.38M shares outstanding. Mutual fund holders own 4.73%, while other institutional holders and individual stakeholders account for 41.01% and 29.77% respectively.
It has a market capitalization of $708.11M and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 27.95, while the earnings-per-share (ttm) stands at $0.66. The company has a PEG of 4.73 and the debt-to-equity ratio at 0.95. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.59% over the week and 1.97% over the month.
Analysts forecast that Urstadt Biddle Properties Inc. (UBA) will achieve an EPS of $0 for the current quarter, $0.3 for the next quarter and $1.26 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.16 a year ago. EPS should grow at an annualized rate of 5.91% over the next five years, compared to -5.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Urstadt Biddle Properties Inc. (UBA) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the UBA, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on April 16, 2021, with the firm’s price target at $18-$22. B. Riley Securities coverage for the Urstadt Biddle Properties Inc. (UBA) stock in a research note released on March 04, 2021 offered a Buy rating with a price target of $21. Piper Sandler was of a view on April 02, 2020 that the stock is Neutral, while FBR & Co. gave the stock Mkt Perform rating on July 11, 2017, issuing a price target of $20. Deutsche Bank on their part issued Hold rating on July 18, 2016.