One Liberty Properties (NYSE:OLP) Issues Earnings Results

Key Points

• One Liberty Properties reported quarterly EPS of $0.04, missing the $0.12 consensus estimate by $0.08. Revenue was $26.6 million, slightly below the $26.7 million estimate.
• The REIT paid a quarterly dividend of $0.45 per share, equivalent to an annualized $1.80 and an 8.2% yield; its payout ratio was 113.21%.
• Shares fell $0.29 to $21.93 on Tuesday. Analysts’ consensus rating is Hold, with an average price target of $28.50.

One Liberty Properties (NYSE:OLP - Get Free Report) released its earnings results 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 for the quarter, compared to the consensus estimate of $26.70 million. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%.

One Liberty Properties Price Performance

Shares of One Liberty Properties stock traded down $0.29 on Tuesday, hitting $21.93. 63,087 shares of the company traded hands, compared to its average volume of 76,501. One Liberty Properties has a 52 week low of $19.86 and a 52 week high of $25.88. The business has a 50-day simple moving average of $22.75 and a 200 day simple moving average of $23.21. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $480.38 million, a P/E ratio of 13.80 and a beta of 0.89.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, September 28th were given a dividend of $0.45 per share. The ex-dividend date was Monday, September 28th. This represents a $1.80 annualized dividend and a dividend yield of 8.2%. One Liberty Properties's dividend payout ratio (DPR) is presently 113.21%.

Analyst Upgrades and Downgrades

OLP has been the subject of a number of analyst reports. Zacks Research cut shares of One Liberty Properties from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 12th. Weiss Ratings restated a "sell (d)" rating on shares of One Liberty Properties in a research report on Monday, September 28th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, One Liberty Properties has a consensus rating of "Hold" and an average price target of $28.50.

Insider Buying and Selling at One Liberty Properties

In related news, EVP Justin Clair sold 4,500 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.06, for a total transaction of $108,270.00. Following the completion of the transaction, the executive vice president owned 34,153 shares in the company, valued at approximately $821,721.18. This represents a 11.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 26.20% of the company's stock.

About One Liberty Properties

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.

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