One Liberty Properties (NYSE:OLP) Releases Earnings Results, Misses Estimates By $0.18 EPS

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. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. The company had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million.

One Liberty Properties Trading Down 1.4 %

NYSE OLP traded down $0.41 during trading hours on Thursday, hitting $28.41. 49,431 shares of the company’s stock were exchanged, compared to its average volume of 52,124. One Liberty Properties has a 12-month low of $18.40 and a 12-month high of $29.10. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98. The business’s 50 day moving average is $27.26 and its 200-day moving average is $25.30. The firm has a market capitalization of $606.27 million, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 3.19 and a beta of 1.36.

One Liberty Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $1.80 annualized dividend and a yield of 6.34%. One Liberty Properties’s payout ratio is currently 119.21%.

Insiders Place Their Bets

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total transaction of $83,218.75. Following the transaction, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at $1,045,200.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 25.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OLP shares. StockNews.com downgraded One Liberty Properties from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 3rd. B. Riley lifted their price target on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th.

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.