One Liberty Properties (NYSE:OLP) Announces Earnings Results, Misses Expectations By $0.08 EPS

One Liberty Properties (NYSE:OLP) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08), FiscalAI reports. The business had revenue of $26.60 million during the quarter, compared to the consensus estimate of $26.70 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%.

One Liberty Properties Trading Down 1.3%

Shares of NYSE OLP traded down $0.29 during midday trading on Tuesday, hitting $21.93. The company’s stock had a trading volume of 63,087 shares, compared to its average volume of 76,501. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.73. The business’s 50 day moving average is $22.75 and its two-hundred day moving average is $23.21. One Liberty Properties has a 12-month low of $19.86 and a 12-month high of $25.88. The firm has a market cap of $480.38 million, a P/E ratio of 13.80 and a beta of 0.89.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 28th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend was Monday, September 28th. One Liberty Properties’s dividend payout ratio is 113.21%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research cut One Liberty Properties from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of One Liberty Properties in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Insider Buying and Selling at One Liberty Properties

In related news, EVP Justin Clair sold 4,500 shares of One Liberty Properties stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $24.06, for a total transaction of $108,270.00. Following the completion of the sale, the executive vice president owned 34,153 shares in the company, valued at $821,721.18. This trade represents a 11.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 26.20% of the company’s stock.

About One Liberty Properties

One Liberty Properties, Inc (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. Its holdings primarily include industrial, retail, restaurant, office and other income-producing properties.

The company generally leases its properties to tenants under net lease arrangements, which typically require tenants to pay some or all of the costs associated with property taxes, insurance, maintenance and other operating expenses.