Wall Street analysts expect One Liberty Properties, Inc. (NYSE:OLP) to post $0.53 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for One Liberty Properties’ earnings. One Liberty Properties reported earnings of $0.50 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6%. The business is scheduled to issue its next earnings results on Tuesday, November 6th.
On average, analysts expect that One Liberty Properties will report full year earnings of $2.14 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $2.14 per share, with EPS estimates ranging from $2.11 to $2.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow One Liberty Properties.
One Liberty Properties (NYSE:OLP) last released its earnings results on Monday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.27). The firm had revenue of $19.75 million for the quarter, compared to the consensus estimate of $19.78 million. One Liberty Properties had a return on equity of 7.24% and a net margin of 27.68%.
OLP stock opened at $26.08 on Friday. The firm has a market cap of $535.82 million, a PE ratio of 12.48, a PEG ratio of 2.36 and a beta of 0.65. One Liberty Properties has a twelve month low of $21.02 and a twelve month high of $29.44. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.36.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Tuesday, September 25th were given a dividend of $0.45 per share. The ex-dividend date was Monday, September 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.90%. One Liberty Properties’s payout ratio is currently 86.12%.
In other news, Director Jesse Robert Lovejoy sold 4,000 shares of the business’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $27.93, for a total transaction of $111,720.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. State of Alaska Department of Revenue bought a new stake in One Liberty Properties in the third quarter valued at about $132,000. Barclays PLC increased its holdings in One Liberty Properties by 290.8% in the first quarter. Barclays PLC now owns 8,929 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 6,644 shares during the last quarter. Usca Ria LLC bought a new stake in One Liberty Properties in the second quarter valued at about $221,000. American Century Companies Inc. bought a new stake in One Liberty Properties in the second quarter valued at about $301,000. Finally, Swiss National Bank increased its holdings in One Liberty Properties by 13.2% in the first quarter. Swiss National Bank now owns 24,800 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.
One Liberty Properties Company Profile
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
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