One Liberty Properties (NYSE:OLP) Announces Earnings Results

One Liberty Properties (NYSE:OLP) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.18), Zacks reports. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. The business had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million.

One Liberty Properties Stock Performance

NYSE:OLP traded down $0.27 during mid-day trading on Thursday, hitting $28.55. 36,171 shares of the stock were exchanged, compared to its average volume of 52,063. The firm’s 50-day simple moving average is $27.26 and its 200 day simple moving average is $25.30. The stock has a market capitalization of $609.26 million, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.36. One Liberty Properties has a fifty-two week low of $18.40 and a fifty-two week high of $29.10. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.30%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s payout ratio is 119.21%.

Analysts Set New Price Targets

A number of research firms recently weighed in on OLP. StockNews.com cut One Liberty Properties from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 3rd. B. Riley upped their price objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

Insider Buying and Selling at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction 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 completion of the sale, the executive vice president now owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.