One Liberty Properties (NYSE:OLP) Announces Earnings Results

One Liberty Properties (NYSE:OLP) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18), Zacks reports. The business had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.34%.

One Liberty Properties Price Performance

Shares of OLP stock traded up $0.42 on Friday, reaching $28.86. The company’s stock had a trading volume of 12,058 shares, compared to its average volume of 52,077. The stock’s fifty day simple moving average is $27.30 and its 200-day simple moving average is $25.32. One Liberty Properties has a 1 year low of $18.40 and a 1 year high of $29.10. The company has a market capitalization of $615.87 million, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.35.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.24%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s payout ratio is 111.11%.

Insider Buying and Selling at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the sale, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at $1,045,200.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 25.40% of the stock is owned by company insiders.

Analyst Ratings Changes

OLP has been the topic of a number of research analyst reports. B. Riley boosted their price target on One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com lowered shares of One Liberty Properties from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 3rd.

One Liberty Properties Company Profile

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 and retail 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.