One Liberty Properties (OLP) Projected to Post Earnings on Tuesday

Key Points

• One Liberty Properties (NYSE:OLP) is expected to announce its quarterly earnings results before the market opens on Tuesday, August 5th, with analysts predicting earnings of $0.49 per share and revenue of $25 million.
• The company recently declared a quarterly dividend of $0.45 per share, representing a 7.89% annual yield, though its payout ratio stands at 133.33%.
• Wall Street recently downgraded One Liberty Properties from a "buy" rating to a "hold" rating, reflecting a cautious outlook among analysts.

One Liberty Properties (NYSE:OLP - Get Free Report) is expected to release its earnings data before the market opens on Tuesday, August 5th. Analysts expect One Liberty Properties to post earnings of $0.49 per share and revenue of $25.00 million for the quarter.

One Liberty Properties (NYSE:OLP - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $24.17 million for the quarter, compared to the consensus estimate of $24.59 million. One Liberty Properties had a return on equity of 9.59% and a net margin of 31.96%. On average, analysts expect One Liberty Properties to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

One Liberty Properties Price Performance

Shares of NYSE OLP traded down $0.27 during midday trading on Friday, hitting $22.11. The stock had a trading volume of 79,595 shares, compared to its average volume of 53,549. The company has a market capitalization of $477.44 million, a PE ratio of 16.38, a P/E/G ratio of 2.70 and a beta of 1.13. The stock has a 50 day simple moving average of $24.12 and a 200-day simple moving average of $24.88. One Liberty Properties has a 1 year low of $21.94 and a 1 year high of $30.45. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.55.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Wednesday, June 25th. One Liberty Properties's dividend payout ratio (DPR) is 133.33%.

Insider Activity at One Liberty Properties

In related news, COO Lawrence Ricketts sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $24.98, for a total value of $49,960.00. Following the completion of the sale, the chief operating officer owned 185,106 shares of the company's stock, valued at approximately $4,623,947.88. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 25.80% of the company's stock.

Institutional Investors Weigh In On One Liberty Properties

An institutional investor recently bought a new position in One Liberty Properties stock. Strs Ohio purchased a new stake in One Liberty Properties, Inc. (NYSE:OLP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,900 shares of the real estate investment trust's stock, valued at approximately $76,000. Institutional investors and hedge funds own 36.24% of the company's stock.

Analyst Upgrades and Downgrades

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

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.