One Liberty Properties (NYSE:OLP) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

One Liberty Properties (NYSE:OLP) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04, FiscalAI reports. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. The business had revenue of $27.00 million for the quarter, compared to analysts’ expectations of $26.78 million.

One Liberty Properties Price Performance

NYSE:OLP traded down $0.76 during trading hours on Wednesday, reaching $23.84. 158,879 shares of the company were exchanged, compared to its average volume of 84,402. The business has a 50 day moving average of $24.51 and a 200 day moving average of $23.32. One Liberty Properties has a 1-year low of $19.62 and a 1-year high of $25.88. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $520.19 million, a P/E ratio of 18.77 and a beta of 0.87.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Thursday, June 25th. One Liberty Properties’s payout ratio is 141.73%.

Analyst Ratings Changes

Several research firms recently issued reports on OLP. Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. B. Riley Financial raised their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.50.

Insiders Place Their Bets

In other One Liberty Properties news, COO Lawrence Ricketts sold 6,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $24.50, for a total transaction of $147,000.00. Following the sale, the chief operating officer directly owned 165,522 shares in the company, valued at $4,055,289. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Justin Clair sold 2,676 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the transaction, the executive vice president directly owned 33,074 shares in the company, valued at approximately $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,676 shares of company stock valued at $348,794. Corporate insiders own 26.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OLP. US Bancorp DE boosted its holdings in shares of One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 490 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in One Liberty Properties by 607.7% in the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,291 shares in the last quarter. Strs Ohio acquired a new stake in One Liberty Properties in the first quarter valued at about $76,000. BNP Paribas Financial Markets grew its position in One Liberty Properties by 144.7% in the third quarter. BNP Paribas Financial Markets now owns 3,790 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 2,241 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in One Liberty Properties during the fourth quarter worth about $130,000. 36.24% of the stock is owned by institutional investors.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.