One Liberty Properties (NYSE:OLP) Issues Earnings Results

One Liberty Properties (NYSE:OLP) released its quarterly earnings data 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. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million.

One Liberty Properties Trading Down 1.3 %

OLP stock traded down $0.38 during trading on Thursday, hitting $28.44. The company had a trading volume of 79,339 shares, compared to its average volume of 52,263. The stock has a market cap of $606.91 million, a PE ratio of 19.09, a PEG ratio of 3.19 and a beta of 1.36. One Liberty Properties has a one year low of $18.40 and a one year high of $29.10. The business has a 50-day moving average of $27.26 and a 200-day moving average of $25.30. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s payout ratio is presently 119.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OLP shares. B. Riley boosted their target price on shares of One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. StockNews.com downgraded One Liberty Properties from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 3rd.

Insiders Place Their Bets

In other news, EVP Justin Clair sold 3,125 shares of the company’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 transaction, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at $1,045,200.87. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 25.40% of the company’s stock.

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 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.