Q1 2024 Earnings Estimate for One Liberty Properties, Inc. Issued By B. Riley (NYSE:OLP)

One Liberty Properties, Inc. (NYSE:OLP) – Investment analysts at B. Riley dropped their Q1 2024 EPS estimates for One Liberty Properties in a report released on Monday, April 15th. B. Riley analyst J. Massocca now expects that the real estate investment trust will earn $0.41 per share for the quarter, down from their prior estimate of $0.42. B. Riley currently has a “Buy” rating and a $25.00 price target on the stock. The consensus estimate for One Liberty Properties’ current full-year earnings is $1.70 per share. B. Riley also issued estimates for One Liberty Properties’ Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS and Q4 2025 earnings at $0.45 EPS.

Separately, StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.

One Liberty Properties Price Performance

Shares of NYSE:OLP opened at $21.40 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.48 and a current ratio of 2.48. The firm has a fifty day moving average price of $21.59 and a 200 day moving average price of $20.78. One Liberty Properties has a fifty-two week low of $17.55 and a fifty-two week high of $23.43. The firm has a market cap of $454.75 million, a price-to-earnings ratio of 15.51, a P/E/G ratio of 2.54 and a beta of 1.32.

Institutional Investors Weigh In On One Liberty Properties

Hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in One Liberty Properties by 41.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock valued at $2,286,000 after purchasing an additional 30,470 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of One Liberty Properties by 14.4% in the third quarter. Penserra Capital Management LLC now owns 23,574 shares of the real estate investment trust’s stock valued at $434,000 after acquiring an additional 2,968 shares during the period. Panagora Asset Management Inc. raised its stake in shares of One Liberty Properties by 54.7% in the third quarter. Panagora Asset Management Inc. now owns 21,667 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 7,658 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of One Liberty Properties in the third quarter valued at $27,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of One Liberty Properties in the third quarter valued at $211,000. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.41%. One Liberty Properties’s dividend payout ratio is 130.44%.

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.