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

One Liberty Properties (NYSE:OLP) announced its earnings results on Thursday. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.37), FiscalAI reports. The business had revenue of $24.74 million during the quarter, compared to analyst estimates of $24.21 million. One Liberty Properties had a net margin of 34.87% and a return on equity of 10.99%.

One Liberty Properties Stock Performance

OLP stock traded down $0.19 during trading on Thursday, hitting $23.71. 58,873 shares of the company’s stock traded hands, compared to its average volume of 74,117. The stock has a market capitalization of $513.32 million, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95. One Liberty Properties has a 52 week low of $19.62 and a 52 week high of $28.35. The stock has a fifty day moving average price of $21.82 and a two-hundred day moving average price of $21.59. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.50.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.45 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.80 annualized dividend and a yield of 7.6%. One Liberty Properties’s payout ratio is presently 116.88%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On One Liberty Properties

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised 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 during the period. Strs Ohio acquired a new stake in shares of One Liberty Properties during the 1st quarter worth approximately $76,000. Legal & General Group Plc raised its position in shares of One Liberty Properties by 13.9% during the 2nd quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust’s stock worth $503,000 after purchasing an additional 2,571 shares during the period. Rhumbline Advisers lifted its holdings in shares of One Liberty Properties by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 5,001 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in One Liberty Properties by 6.2% during 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 purchasing an additional 585 shares during the period. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

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.