One Liberty Properties (NYSE:OLP) Announces Earnings Results, Beats Expectations By $0.06 EPS

One Liberty Properties (NYSE:OLP) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06, Zacks reports. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.61%. The business had revenue of $21.80 million during the quarter, compared to analysts’ expectations of $22.37 million.

One Liberty Properties Stock Up 1.0 %

Shares of NYSE:OLP traded up $0.26 during trading hours on Thursday, hitting $25.11. The company’s stock had a trading volume of 25,768 shares, compared to its average volume of 57,457. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.68 and a quick ratio of 2.68. The firm’s fifty day moving average price is $24.38 and its 200 day moving average price is $22.83. One Liberty Properties has a 52 week low of $17.55 and a 52 week high of $26.89. The company has a market capitalization of $529.07 million, a price-to-earnings ratio of 18.46, a P/E/G ratio of 3.01 and a beta of 1.37.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend was Tuesday, June 25th. One Liberty Properties’s payout ratio is 132.35%.

Insider Buying and Selling

In related news, COO Justin Clair sold 1,200 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $24.00, for a total transaction of $28,800.00. Following the completion of the sale, the chief operating officer now directly owns 43,049 shares in the company, valued at approximately $1,033,176. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Justin Clair sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.00, for a total transaction of $28,800.00. Following the completion of the transaction, the chief operating officer now owns 43,049 shares in the company, valued at approximately $1,033,176. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Lawrence Ricketts sold 4,756 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $24.14, for a total transaction of $114,809.84. Following the sale, the chief operating officer now directly owns 187,345 shares of the company’s stock, valued at approximately $4,522,508.30. The disclosure for this sale can be found here. Insiders sold 27,789 shares of company stock valued at $654,840 over the last 90 days. Corporate insiders own 25.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OLP shares. B. Riley raised their price target on One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

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 and retail 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.