One Liberty Properties (NYSE:OLP) Issues Earnings Results, Meets Expectations

Key Points

• One Liberty Properties reported a quarterly earnings per share (EPS) of $0.49, which met analysts' expectations, alongside a net margin of 31.96% and a return on equity of 9.59%.
• The company declared a quarterly dividend of $0.45, yielding 8.0%, but has a high dividend payout ratio of 133.33%.
• Wall Street Zen downgraded One Liberty Properties from a "buy" rating to a "hold" rating, reflecting a cautious outlook on the stock.

One Liberty Properties (NYSE:OLP - Get Free Report) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49, Zacks reports. One Liberty Properties had a return on equity of 9.24% and a net margin of 29.85%. The firm had revenue of $24.55 million for the quarter, compared to analyst estimates of $25.00 million.

One Liberty Properties Stock Performance

OLP stock traded up $0.25 on Thursday, hitting $22.80. The company had a trading volume of 21,728 shares, compared to its average volume of 57,454. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.55. The stock has a market cap of $492.14 million, a price-to-earnings ratio of 17.65, a P/E/G ratio of 2.72 and a beta of 1.13. The stock's 50-day simple moving average is $24.03 and its 200 day simple moving average is $24.81. One Liberty Properties has a 12-month low of $21.94 and a 12-month high of $30.45.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $0.45 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.9%. One Liberty Properties's dividend payout ratio (DPR) is currently 133.33%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut One Liberty Properties from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

Insider Buying and Selling

In other news, COO Lawrence Ricketts sold 2,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total value of $49,960.00. Following the sale, the chief operating officer directly owned 185,106 shares in the company, valued at $4,623,947.88. The trade was a 1.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 25.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in One Liberty Properties stock. Jane Street Group LLC lifted its stake in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 172.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,468 shares of the real estate investment trust's stock after buying an additional 31,313 shares during the quarter. Jane Street Group LLC owned about 0.23% of One Liberty Properties worth $1,300,000 at the end of the most recent reporting period. Institutional investors own 36.24% of the company's stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.