One Liberty Properties (NYSE:OLP) Releases Quarterly Earnings Results

One Liberty Properties (NYSE:OLP) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08), FiscalAI reports. One Liberty Properties had a net margin of 23.82% and a return on equity of 8.45%. The business had revenue of $26.60 million during the quarter, compared to analyst estimates of $26.70 million.

One Liberty Properties Trading Down 4.9%

One Liberty Properties stock traded down $1.08 during trading on Thursday, hitting $20.86. The company’s stock had a trading volume of 120,766 shares, compared to its average volume of 76,729. The stock has a market capitalization of $456.83 million, a price-to-earnings ratio of 18.12 and a beta of 0.89. The stock’s fifty day moving average is $22.65 and its 200 day moving average is $23.21. One Liberty Properties has a 1-year low of $19.86 and a 1-year high of $25.88. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, September 28th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.6%. One Liberty Properties’s payout ratio is currently 113.21%.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 4,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $821,721.18. This trade represents a 11.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OLP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of One Liberty Properties in a report on Monday, September 28th. Zacks Research downgraded One Liberty Properties from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

One Liberty Properties Company Profile

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.