One Liberty Properties (NYSE:OLP) Issues Earnings Results

One Liberty Properties (NYSE:OLP) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04, FiscalAI reports. The firm had revenue of $27.00 million for the quarter, compared to the consensus estimate of $26.78 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%.

One Liberty Properties Stock Down 3.1%

Shares of NYSE:OLP opened at $23.84 on Thursday. The company’s fifty day moving average is $24.51 and its two-hundred day moving average is $23.32. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. One Liberty Properties has a 1-year low of $19.62 and a 1-year high of $25.88. The stock has a market capitalization of $520.19 million, a price-to-earnings ratio of 18.77 and a beta of 0.87.

One Liberty Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties’s dividend payout ratio is 141.73%.

Insider Activity

In related news, EVP Justin Clair sold 2,676 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following the sale, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at $4,055,289. This represents a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,676 shares of company stock valued at $348,794 over the last ninety days. Company insiders own 26.20% of the company’s stock.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors have recently made changes to their positions in OLP. Vanguard Group Inc. lifted its holdings in shares of One Liberty Properties by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock worth $38,581,000 after purchasing an additional 8,772 shares during the last quarter. Geode Capital Management LLC boosted its position in One Liberty Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after purchasing an additional 12,519 shares during the period. Wells Fargo & Company MN grew its stake in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock worth $1,660,000 after buying an additional 13,259 shares during the last quarter. JPMorgan Chase & Co. grew its stake in One Liberty Properties by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,452 shares of the real estate investment trust’s stock worth $1,757,000 after buying an additional 15,184 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in One Liberty Properties by 16.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 77,908 shares of the real estate investment trust’s stock worth $1,581,000 after buying an additional 10,927 shares during the period. 36.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OLP. Weiss Ratings upgraded shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. B. Riley Financial boosted their price objective on One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. Finally, Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.50.

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.