One Liberty Properties (NYSE:OLP) Issues Quarterly Earnings Results, Misses Estimates By $0.08 EPS

One Liberty Properties (NYSE:OLP) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08), FiscalAI reports. The firm had revenue of $26.60 million during the quarter, compared to analyst estimates of $26.70 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%.

One Liberty Properties Price Performance

Shares of OLP traded down $0.29 during trading hours on Tuesday, reaching $21.93. The company had a trading volume of 63,087 shares, compared to its average volume of 76,508. The firm has a 50 day simple moving average of $22.75 and a 200-day simple moving average of $23.21. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $480.38 million, a price-to-earnings ratio of 13.80 and a beta of 0.89. One Liberty Properties has a 12-month low of $19.86 and a 12-month high of $25.88.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, September 28th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. One Liberty Properties’s dividend payout ratio is 113.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OLP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of One Liberty Properties in a research report on Monday, September 28th. Zacks Research downgraded One Liberty Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.50.

Insider Activity at One Liberty Properties

In related news, EVP Justin Clair sold 4,500 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $24.06, for a total transaction of $108,270.00. Following the sale, the executive vice president owned 34,153 shares of the company’s stock, valued at approximately $821,721.18. The trade was a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.20% of the stock is owned by company insiders.

One Liberty Properties Company Profile

One Liberty Properties, Inc (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. Its holdings primarily include industrial, retail, restaurant, office and other income-producing properties.

The company generally leases its properties to tenants under net lease arrangements, which typically require tenants to pay some or all of the costs associated with property taxes, insurance, maintenance and other operating expenses.