One Liberty Properties (NYSE:OLP - Get Free Report) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.22, Zacks reports. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The company had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million.
One Liberty Properties Trading Up 0.6%
NYSE OLP opened at $23.45 on Friday. The stock has a market capitalization of $511.79 million, a P/E ratio of 18.47 and a beta of 0.90. The business has a 50 day simple moving average of $22.82 and a 200 day simple moving average of $21.67. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.97. One Liberty Properties has a one year low of $19.62 and a one year high of $25.90.
One Liberty Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.80 annualized dividend and a yield of 7.7%. One Liberty Properties's dividend payout ratio (DPR) is currently 153.85%.
Insider Transactions at One Liberty Properties
In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $22.64, for a total transaction of $113,200.00. Following the transaction, the chief operating officer directly owned 183,021 shares in the company, valued at approximately $4,143,595.44. This represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 14,491 shares of company stock valued at $330,103 over the last quarter. 25.80% of the stock is currently owned by insiders.
Institutional Trading of One Liberty Properties
Several hedge funds have recently modified their holdings of OLP. Jane Street Group LLC boosted its stake in One Liberty Properties by 172.5% during the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust's stock worth $1,300,000 after acquiring an additional 31,313 shares in the last quarter. Strs Ohio acquired a new stake in One Liberty Properties in the first quarter worth $76,000. Legal & General Group Plc increased its stake in One Liberty Properties by 13.9% in the second quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust's stock valued at $503,000 after purchasing an additional 2,571 shares in the last quarter. Rhumbline Advisers increased its stake in One Liberty Properties by 17.4% in the second quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust's stock valued at $804,000 after purchasing an additional 5,001 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust's stock valued at $240,000 after purchasing an additional 585 shares during the period. Institutional investors own 36.24% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have issued reports on OLP. Wall Street Zen upgraded shares of One Liberty Properties from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. B. Riley Financial reaffirmed a "buy" rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, One Liberty Properties currently has an average rating of "Hold" and a consensus price target of $27.50.
View Our Latest Report on OLP
About One Liberty Properties
(
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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.
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