One Liberty Properties (NYSE:OLP) Announces Earnings Results, Misses Estimates By $0.08 EPS

by · The Markets Daily

One Liberty Properties (NYSE:OLP – Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08), FiscalAI reports. The firm had revenue of $26.60 million during the quarter, compared to analyst estimates of $26.70 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%.

One Liberty Properties Stock Performance

One Liberty Properties stock traded up $0.14 during mid-day trading on Wednesday, reaching $22.07. 33,066 shares of the company’s stock were exchanged, compared to its average volume of 76,300. The firm has a market capitalization of $483.22 million, a PE ratio of 13.86 and a beta of 0.89. The business’s fifty day simple moving average is $22.70 and its 200 day simple moving average is $23.21. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.73. One Liberty Properties has a one year low of $19.86 and a one year high of $25.88.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 28th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend was Monday, September 28th. One Liberty Properties’s dividend payout ratio (DPR) is presently 113.21%.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 4,500 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $24.06, for a total value of $108,270.00. Following the sale, the executive vice president directly owned 34,153 shares in the company, valued at $821,721.18. The trade was a 11.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 26.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d)” rating on shares of One Liberty Properties in a research note on Monday, September 28th. Zacks Research cut One Liberty Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.

View Our Latest Stock Report on One Liberty Properties

About One Liberty Properties

(Get Free Report)

One Liberty Properties, Inc (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. Its holdings primarily include industrial, retail, restaurant, office and other income-producing properties.

The company generally leases its properties to tenants under net lease arrangements, which typically require tenants to pay some or all of the costs associated with property taxes, insurance, maintenance and other operating expenses.

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