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

One Liberty Properties (NYSE:OLP) released its earnings results on Tuesday. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18), Zacks reports. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million.

One Liberty Properties Price Performance

NYSE:OLP traded down $0.27 during trading hours on Thursday, hitting $28.55. The company’s stock had a trading volume of 36,171 shares, compared to its average volume of 52,063. One Liberty Properties has a twelve month low of $18.40 and a twelve month high of $29.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a fifty day simple moving average of $27.26 and a 200-day simple moving average of $25.30. The company has a market capitalization of $609.26 million, a P/E ratio of 19.09, a PEG ratio of 3.19 and a beta of 1.36.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.80 annualized dividend and a dividend yield of 6.30%. One Liberty Properties’s dividend payout ratio is currently 119.21%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OLP. StockNews.com cut shares of 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 objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.

Insiders Place Their Bets

In other news, EVP Justin Clair sold 3,125 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 39,249 shares in the company, valued at approximately $1,045,200.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 25.40% of the company’s stock.

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.