One Liberty Properties (NYSE:OLP) Announces Earnings Results

One Liberty Properties (NYSE:OLP) issued 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. The business had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%.

One Liberty Properties Stock Performance

One Liberty Properties stock traded down $0.41 on Thursday, reaching $28.41. 49,431 shares of the stock were exchanged, compared to its average volume of 52,124. The stock has a market cap of $606.27 million, a PE ratio of 19.09, a PEG ratio of 3.19 and a beta of 1.36. The firm has a fifty day moving average price of $27.26 and a two-hundred day moving average price of $25.30. One Liberty Properties has a twelve month low of $18.40 and a twelve month high of $29.10. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.80 annualized dividend and a dividend yield of 6.34%. One Liberty Properties’s dividend payout ratio (DPR) is presently 119.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OLP. B. Riley lifted their price target on 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.

Insider Activity at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the transaction, the executive vice president now owns 39,249 shares in the company, valued at approximately $1,045,200.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 25.40% of the stock is owned by corporate insiders.

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.