One Liberty Properties (NYSE:OLP) Issues Quarterly Earnings Results

One Liberty Properties (NYSE:OLP) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06, Zacks reports. The firm had revenue of $21.80 million for the quarter, compared to the consensus estimate of $22.37 million. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.61%.

One Liberty Properties Stock Down 0.3 %

OLP traded down $0.07 during trading on Friday, hitting $24.99. The company had a trading volume of 9,255 shares, compared to its average volume of 53,357. The firm’s 50-day moving average price is $24.38 and its 200 day moving average price is $22.83. One Liberty Properties has a one year low of $17.55 and a one year high of $26.89. The company has a market capitalization of $526.54 million, a PE ratio of 18.46, a PEG ratio of 3.01 and a beta of 1.37. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.36.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were paid a $0.45 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.20%. One Liberty Properties’s payout ratio is 132.35%.

Insider Activity

In other One Liberty Properties news, COO Justin Clair sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $24.00, for a total value of $28,800.00. Following the transaction, the chief operating officer now directly owns 43,049 shares of the company’s stock, valued at approximately $1,033,176. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Justin Clair sold 1,200 shares of One Liberty Properties stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $24.00, for a total value of $28,800.00. Following the completion of the transaction, the chief operating officer now directly owns 43,049 shares of the company’s stock, valued at approximately $1,033,176. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey Gould sold 3,220 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $23.45, for a total transaction of $75,509.00. Following the completion of the transaction, the senior vice president now directly owns 371,273 shares in the company, valued at approximately $8,706,351.85. The disclosure for this sale can be found here. Insiders have sold 27,789 shares of company stock valued at $654,840 over the last ninety days. 25.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OLP. StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. B. Riley upped their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, April 15th.

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 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.