Analysts expect that One Liberty Properties, Inc. (NYSE:OLP) will report earnings of $0.53 per share for the current quarter, Zacks reports. Two analysts have made estimates for One Liberty Properties’ earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.52. One Liberty Properties also reported earnings per share of $0.53 in the same quarter last year. The company is expected to report its next earnings report on Thursday, November 14th.
According to Zacks, analysts expect that One Liberty Properties will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.13. For the next fiscal year, analysts forecast that the company will report earnings of $2.14 per share, with EPS estimates ranging from $2.08 to $2.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover One Liberty Properties.
One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.29). The company had revenue of $20.72 million for the quarter, compared to analysts’ expectations of $21.46 million. One Liberty Properties had a net margin of 22.49% and a return on equity of 6.12%.
OLP traded up $0.01 on Friday, hitting $27.92. 664 shares of the company traded hands, compared to its average volume of 40,439. The stock’s 50 day moving average is $28.56. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $559.98 million, a PE ratio of 13.22 and a beta of 0.73. One Liberty Properties has a 12-month low of $23.02 and a 12-month high of $31.78.
In other news, insider Lawrence Ricketts sold 4,189 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $29.37, for a total transaction of $123,030.93. Following the completion of the transaction, the insider now directly owns 124,835 shares of the company’s stock, valued at approximately $3,666,403.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 21.90% of the company’s stock.
Several hedge funds have recently modified their holdings of OLP. Bank of Montreal Can purchased a new position in shares of One Liberty Properties during the 2nd quarter worth approximately $37,000. Nisa Investment Advisors LLC grew its holdings in shares of One Liberty Properties by 306.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,465 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 1,105 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of One Liberty Properties in the 2nd quarter worth approximately $42,000. Legal & General Group Plc grew its holdings in shares of One Liberty Properties by 22.1% in the 4th quarter. Legal & General Group Plc now owns 2,788 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 505 shares during the period. Finally, Advisory Services Network LLC grew its holdings in shares of One Liberty Properties by 19.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 400 shares during the period. 41.51% of the stock is owned by institutional investors and hedge funds.
About One Liberty Properties
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
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