One Liberty Properties (NYSE:OLP) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.19, Fidelity Earnings reports. One Liberty Properties had a return on equity of 7.24% and a net margin of 27.68%. The business had revenue of $19.57 million for the quarter, compared to analysts’ expectations of $20.19 million.
OLP stock traded down $0.34 during mid-day trading on Friday, reaching $26.01. 30,763 shares of the company traded hands, compared to its average volume of 32,419. 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 $504.39 million, a PE ratio of 12.44, a PEG ratio of 2.22 and a beta of 0.68. One Liberty Properties has a 52-week low of $21.02 and a 52-week high of $29.44.
A number of brokerages recently issued reports on OLP. Zacks Investment Research upgraded One Liberty Properties from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Thursday, August 9th. B. Riley boosted their price objective on One Liberty Properties from $24.50 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, TheStreet cut One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Four analysts have rated the stock with a hold rating, One Liberty Properties presently has a consensus rating of “Hold” and a consensus target price of $28.33.
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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