One Liberty Properties, Inc. (NYSE:OLP) Expected to Announce Earnings of $0.53 Per Share

Wall Street brokerages forecast that One Liberty Properties, Inc. (NYSE:OLP) will post earnings of $0.53 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for One Liberty Properties’ earnings, with estimates ranging from $0.52 to $0.54. One Liberty Properties also posted earnings per share of $0.53 in the same quarter last year. The firm is scheduled to issue its next earnings results on Thursday, November 14th.

According to Zacks, analysts expect that One Liberty Properties will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.06 to $2.13. For the next year, analysts anticipate that the business will post earnings of $2.14 per share, with EPS estimates ranging from $2.08 to $2.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for One Liberty Properties.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.29). The business had revenue of $20.72 million for the quarter, compared to the consensus estimate of $21.46 million. One Liberty Properties had a net margin of 22.49% and a return on equity of 6.12%.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. ValuEngine lowered shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, B. Riley upped their target price on shares of One Liberty Properties from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th.

OLP stock traded up $0.01 during midday trading on Friday, reaching $27.92. 664 shares of the company’s stock traded hands, compared to its average volume of 40,439. The firm has a market capitalization of $559.98 million, a P/E ratio of 13.22 and a beta of 0.73. The firm has a fifty day simple moving average of $28.56. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.66 and a current ratio of 1.66. One Liberty Properties has a 52 week low of $23.02 and a 52 week high of $31.78.

In other news, COO Lawrence Ricketts sold 2,589 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $29.45, for a total value of $76,246.05. Following the completion of the sale, the chief operating officer now owns 124,835 shares in the company, valued at approximately $3,676,390.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of OLP. Advisory Services Network LLC boosted its holdings in shares of One Liberty Properties by 19.0% in the 2nd quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock worth $72,000 after buying an additional 400 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of One Liberty Properties by 22.1% in the 4th quarter. Legal & General Group Plc now owns 2,788 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 505 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of One Liberty Properties by 0.6% in the 4th quarter. Bank of America Corp DE now owns 92,525 shares of the real estate investment trust’s stock worth $2,241,000 after buying an additional 524 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of One Liberty Properties by 2.1% in the 2nd quarter. First Trust Advisors LP now owns 29,309 shares of the real estate investment trust’s stock worth $849,000 after buying an additional 595 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of One Liberty Properties by 2.3% in the 2nd quarter. Swiss National Bank now owns 27,100 shares of the real estate investment trust’s stock worth $785,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 41.51% 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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Earnings History and Estimates for One Liberty Properties (NYSE:OLP)

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