Urstadt Biddle Properties (UBA) got here out with quarterly funds from operations (
Urstadt Biddle Properties (UBA) got here out with quarterly funds from operations (FFO) of $0.33 per share, in step with the Zacks Consensus Estimate. This compares to FFO of $0.34 per share a yr in the past. These figures are adjusted for non-recurring objects.
1 / 4 in the past, it was anticipated that this business actual property funding belief would publish FFO of $0.24 per share when it truly produced FFO of $0.34, delivering a shock of 41.67%.
Over the past 4 quarters, the corporate has surpassed consensus FFO estimates simply as soon as.
Urstadt Biddle, which belongs to the Zacks REIT and Fairness Belief – Retail trade, posted revenues of $34.28 million for the quarter ended January 2021, surpassing the Zacks Consensus Estimate by 7.18%. This compares to year-ago revenues of $34.35 million. The corporate has topped consensus income estimates two occasions during the last 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future FFO expectations will largely rely upon administration’s commentary on the earnings name.
Urstadt Biddle shares have added about 23.1% because the starting of the yr versus the S&P 500’s acquire of three.8%.
What’s Subsequent for Urstadt Biddle?
Whereas Urstadt Biddle has outperformed the market to this point this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s FFO outlook. Not solely does this embrace present consensus FFO expectations for the approaching quarter(s), but additionally how these expectations have modified currently.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested ranking software just like the Zacks Rank, which has a powerful monitor document of harnessing the ability of estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Urstadt Biddle was favorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the entire listing of right this moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus FFO estimate is $0.34 on $32.16 million in revenues for the approaching quarter and $1.33 on $129.91 million in revenues for the present fiscal yr.
Buyers must be conscious of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, REIT and Fairness Belief – Retail is at present within the backside 26% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Urstadt Biddle Properties Inc. (UBA): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.