DA Davidson Weighs in on One Liberty Properties, Inc.’s FY2019 Earnings (NYSE:OLP)

One Liberty Properties, Inc. (NYSE:OLP) – Research analysts at DA Davidson dropped their FY2019 earnings estimates for One Liberty Properties in a report issued on Monday, November 11th. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings per share of $1.62 for the year, down from their prior forecast of $1.77. DA Davidson also issued estimates for One Liberty Properties’ FY2020 earnings at $1.73 EPS.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Monday, November 11th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. One Liberty Properties had a net margin of 16.17% and a return on equity of 4.51%. The company had revenue of $20.41 million during the quarter, compared to analysts’ expectations of $21.04 million.

Shares of One Liberty Properties stock opened at $27.08 on Tuesday. One Liberty Properties has a 52-week low of $23.02 and a 52-week high of $31.78. The stock has a market capitalization of $548.49 million, a price-to-earnings ratio of 12.71 and a beta of 0.71. The company has a fifty day moving average of $27.57 and a 200-day moving average of $28.38. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.70 and a current ratio of 1.70.

Institutional investors and hedge funds have recently made changes to their positions in the business. Phocas Financial Corp. purchased a new stake in One Liberty Properties during the 2nd quarter valued at $25,000. Bank of Montreal Can purchased a new stake in One Liberty Properties during the 2nd quarter valued at $37,000. Tower Research Capital LLC TRC purchased a new stake in One Liberty Properties during the 2nd quarter valued at $42,000. Northern Oak Wealth Management Inc. purchased a new stake in One Liberty Properties during the 3rd quarter valued at $45,000. Finally, Nisa Investment Advisors LLC boosted its position in One Liberty Properties by 52.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,237 shares of the real estate investment trust’s stock valued at $65,000 after buying an additional 772 shares during the period. 41.94% of the stock is owned by institutional investors and hedge funds.

About One Liberty Properties

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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