One Liberty Properties (NYSE:OLP – Get Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04, FiscalAI reports. The company had revenue of $27.00 million during the quarter, compared to analyst estimates of $26.78 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%.
One Liberty Properties Stock Down 3.1%
Shares of NYSE:OLP traded down $0.76 during trading on Wednesday, hitting $23.84. 158,879 shares of the company were exchanged, compared to its average volume of 84,402. The stock has a market cap of $520.19 million, a price-to-earnings ratio of 18.77 and a beta of 0.87. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. One Liberty Properties has a fifty-two week low of $19.62 and a fifty-two week high of $25.88. The firm has a fifty day moving average price of $24.51 and a two-hundred day moving average price of $23.32.
One Liberty Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Thursday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is currently 141.73%.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in OLP. US Bancorp DE boosted its position in One Liberty Properties by 62.7% during the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 490 shares during the period. Russell Investments Group Ltd. grew its position in shares of 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 purchasing an additional 2,291 shares during the last quarter. Strs Ohio acquired a new stake in One Liberty Properties during the 1st quarter worth approximately $76,000. BNP Paribas Financial Markets grew its holdings in One Liberty Properties by 144.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,790 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 2,241 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in One Liberty Properties during the 4th quarter worth $130,000. 36.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on OLP. B. Riley Financial raised their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Finally, Zacks Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, One Liberty Properties has an average rating of “Moderate Buy” and a consensus target price of $28.50.
Read Our Latest Report on One Liberty Properties
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.
Featured Stories
- Five stocks we like better than One Liberty Properties
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Receive News & Ratings for One Liberty Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for One Liberty Properties and related companies with MarketBeat.com's FREE daily email newsletter.
