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

Key Points

• Quarterly beat: One Liberty reported EPS of $0.28 versus $0.26 expected and revenue of $28.29M versus $26.77M, beating analysts on both earnings and sales.
• High dividend but stretched payout: The REIT paid a $0.45 quarterly dividend (annualized $1.80) for a 7.8% yield, but its payout ratio is an elevated 153.85%, raising sustainability concerns.
• Insider selling and stock snapshot: COO sold 5,000 shares (part of 14,491 insider shares sold last quarter); shares traded at $23 with a market cap of about $502M, P/E ~19.7, and insiders owning 25.8%.

One Liberty Properties (NYSE:OLP - Get Free Report) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02, FiscalAI reports. One Liberty Properties had a net margin of 26.20% and a return on equity of 8.40%. The firm had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million.

One Liberty Properties Price Performance

Shares of OLP stock traded up $0.23 on Wednesday, hitting $23.00. 52,487 shares of the company's stock were exchanged, compared to its average volume of 56,705. The company has a 50 day moving average of $22.82 and a 200 day moving average of $21.65. The stock has a market cap of $501.52 million, a P/E ratio of 19.65 and a beta of 0.90. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.97. One Liberty Properties has a 12 month low of $19.62 and a 12 month high of $25.90.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 27th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.8%. One Liberty Properties's payout ratio is 153.85%.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of the business's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $22.64, for a total transaction of $113,200.00. Following the completion of the transaction, the chief operating officer owned 183,021 shares of the company's stock, valued at approximately $4,143,595.44. The trade was a 2.66% 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 the SEC website. Insiders sold a total of 14,491 shares of company stock valued at $330,103 in the last quarter. Insiders own 25.80% of the company's stock.

Hedge Funds Weigh In On One Liberty Properties

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in One Liberty Properties by 6.2% in the 2nd 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 buying an additional 585 shares during the last quarter. Legal & General Group Plc boosted its position in One Liberty Properties by 4.7% during the 3rd quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust's stock worth $489,000 after buying an additional 996 shares during the period. Price T Rowe Associates Inc. MD boosted its position in One Liberty Properties by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,420 shares of the real estate investment trust's stock worth $354,000 after buying an additional 1,454 shares during the period. Finally, Quantinno Capital Management LP boosted its position in One Liberty Properties by 13.2% during the 2nd quarter. Quantinno Capital Management LP now owns 13,578 shares of the real estate investment trust's stock worth $324,000 after buying an additional 1,583 shares during the period. 36.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OLP shares. Wall Street Zen upgraded shares of One Liberty Properties from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. B. Riley Financial reissued a "buy" rating and set a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.50.

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.

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