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

One Liberty Properties (NYSE:OLP) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04, FiscalAI reports. One Liberty Properties had a return on equity of 11.55% and a net margin of 33.51%.The business had revenue of $27.00 million during the quarter, compared to analysts’ expectations of $26.78 million.

One Liberty Properties Stock Up 0.2%

NYSE:OLP traded up $0.04 during midday trading on Friday, reaching $24.20. The company had a trading volume of 24,964 shares, compared to its average volume of 75,151. The stock’s fifty day simple moving average is $24.52 and its 200-day simple moving average is $23.33. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. One Liberty Properties has a 12-month low of $19.62 and a 12-month high of $25.88. The firm has a market capitalization of $528.13 million, a price-to-earnings ratio of 15.22 and a beta of 0.87.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Thursday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is presently 113.21%.

Insider Activity

In related news, COO Lawrence Ricketts sold 6,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the transaction, the chief operating officer owned 165,522 shares of the company’s stock, valued at $4,055,289. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 12,000 shares of company stock worth $286,283. 26.20% of the stock is currently owned by insiders.

Institutional Trading of One Liberty Properties

Several institutional investors have recently modified their holdings of OLP. Vanguard Group Inc. boosted its stake in shares of One Liberty Properties by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock worth $38,581,000 after buying an additional 8,772 shares during the period. Geode Capital Management LLC raised its stake in One Liberty Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after acquiring an additional 12,519 shares during the last quarter. Wells Fargo & Company MN lifted its position in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock worth $1,660,000 after acquiring an additional 13,259 shares during the period. JPMorgan Chase & Co. grew its stake in shares of One Liberty Properties by 23.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,452 shares of the real estate investment trust’s stock valued at $1,757,000 after purchasing an additional 15,184 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of One Liberty Properties by 16.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 77,908 shares of the real estate investment trust’s stock valued at $1,581,000 after purchasing an additional 10,927 shares during the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on OLP. B. Riley Financial boosted their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings upgraded shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. Finally, Zacks Research upgraded shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $28.50.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.