Equities research analysts forecast that One Liberty Properties, Inc. (NYSE:OLP) will report earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for One Liberty Properties’ earnings. One Liberty Properties posted earnings of $0.50 per share during the same quarter last year, which suggests a positive year over year growth rate of 6%. The company is expected to report its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that One Liberty Properties will report full-year earnings of $2.14 per share for the current fiscal year. For the next financial year, analysts expect that the business will report earnings of $2.14 per share, with EPS estimates ranging from $2.11 to $2.17. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for One Liberty Properties.
One Liberty Properties (NYSE:OLP) last posted its earnings results on Monday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.27). One Liberty Properties had a net margin of 27.68% and a return on equity of 7.24%. The company had revenue of $19.75 million during the quarter, compared to the consensus estimate of $19.78 million.
A number of analysts recently commented on OLP shares. Zacks Investment Research raised One Liberty Properties from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research report on Thursday, August 9th. TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a research report on Friday, June 29th. Finally, B. Riley increased their price target on One Liberty Properties from $24.50 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $28.33.
In related news, Director Jesse Robert Lovejoy sold 4,000 shares of the stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $27.93, for a total transaction of $111,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 21.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Usca Ria LLC purchased a new stake in One Liberty Properties in the second quarter worth $221,000. Barclays PLC increased its position in One Liberty Properties by 290.8% in the first quarter. Barclays PLC now owns 8,929 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 6,644 shares during the last quarter. American Century Companies Inc. bought a new position in shares of One Liberty Properties in the second quarter worth $301,000. Aperio Group LLC bought a new position in shares of One Liberty Properties in the second quarter worth $567,000. Finally, Dupont Capital Management Corp bought a new position in shares of One Liberty Properties in the second quarter worth $572,000. 41.42% of the stock is owned by institutional investors and hedge funds.
Shares of OLP stock traded down $0.55 during trading hours on Thursday, reaching $26.78. The company had a trading volume of 1,991 shares, compared to its average volume of 41,123. One Liberty Properties has a 12 month low of $21.02 and a 12 month high of $29.44. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $538.91 million, a PE ratio of 12.86, a P/E/G ratio of 2.37 and a beta of 0.62.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Tuesday, September 25th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date is Monday, September 24th. One Liberty Properties’s payout ratio is 86.12%.
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, 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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