Analysts forecast that One Liberty Properties, Inc. (NYSE:OLP) will announce $20.19 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for One Liberty Properties’ earnings. One Liberty Properties posted sales of $19.14 million in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The business is expected to announce its next earnings report on Tuesday, November 6th.
On average, analysts expect that One Liberty Properties will report full year sales of $80.08 million for the current financial year, with estimates ranging from $79.91 million to $80.25 million. For the next year, analysts forecast that the firm will report sales of $86.01 million, with estimates ranging from $81.17 million to $90.86 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover One Liberty Properties.
One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.27). One Liberty Properties had a return on equity of 7.24% and a net margin of 27.68%. The firm had revenue of $19.75 million for the quarter, compared to the consensus estimate of $19.78 million.
In other One Liberty Properties news, Director Jesse Robert Lovejoy sold 4,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $27.93, for a total transaction of $111,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in One Liberty Properties by 2.2% during the second quarter. Bank of America Corp DE now owns 86,864 shares of the real estate investment trust’s stock worth $2,294,000 after acquiring an additional 1,829 shares in the last quarter. Royal Bank of Canada increased its stake in shares of One Liberty Properties by 4.8% in the first quarter. Royal Bank of Canada now owns 46,140 shares of the real estate investment trust’s stock valued at $1,019,000 after buying an additional 2,093 shares during the period. California Public Employees Retirement System increased its stake in shares of One Liberty Properties by 7.6% in the second quarter. California Public Employees Retirement System now owns 35,620 shares of the real estate investment trust’s stock valued at $941,000 after buying an additional 2,520 shares during the period. Swiss National Bank increased its stake in shares of One Liberty Properties by 13.2% in the first quarter. Swiss National Bank now owns 24,800 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 2,900 shares during the period. Finally, Martingale Asset Management L P increased its stake in shares of One Liberty Properties by 3.2% in the second quarter. Martingale Asset Management L P now owns 127,950 shares of the real estate investment trust’s stock valued at $3,380,000 after buying an additional 4,015 shares during the period. 41.45% of the stock is owned by hedge funds and other institutional investors.
OLP traded up $0.03 on Tuesday, hitting $25.65. 4,842 shares of the stock were exchanged, compared to its average volume of 49,507. One Liberty Properties has a 12 month low of $21.02 and a 12 month high of $29.44. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $494.74 million, a price-to-earnings ratio of 12.27, a P/E/G ratio of 2.18 and a beta of 0.65.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Shareholders of record on Tuesday, September 25th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend was Monday, September 24th. One Liberty Properties’s payout ratio is 86.12%.
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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