Wall Street brokerages expect that One Liberty Properties, Inc. (NYSE:OLP) will post sales of $19.31 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for One Liberty Properties’ earnings. The highest sales estimate is $19.38 million and the lowest is $19.24 million. One Liberty Properties posted sales of $18.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The business is expected to issue its next quarterly earnings report on Friday, March 9th.
On average, analysts expect that One Liberty Properties will report full year sales of $19.31 million for the current fiscal year, with estimates ranging from $75.26 million to $75.40 million. For the next financial year, analysts expect that the firm will report sales of $80.53 million per share, with estimates ranging from $77.40 million to $83.67 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for One Liberty Properties.
One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.11). The firm had revenue of $19.14 million for the quarter, compared to analysts’ expectations of $18.88 million. One Liberty Properties had a return on equity of 8.31% and a net margin of 32.44%.
OLP has been the topic of several recent research reports. Zacks Investment Research upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley restated a “hold” rating and set a $25.50 price target on shares of One Liberty Properties in a research note on Thursday, November 9th. Finally, DA Davidson upped their price target on One Liberty Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.80.
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in One Liberty Properties by 14.3% during the second quarter. Vanguard Group Inc. now owns 1,875,088 shares of the real estate investment trust’s stock valued at $43,933,000 after purchasing an additional 234,523 shares in the last quarter. Northern Trust Corp lifted its stake in One Liberty Properties by 11.1% in the 2nd quarter. Northern Trust Corp now owns 481,807 shares of the real estate investment trust’s stock valued at $11,289,000 after purchasing an additional 48,129 shares during the last quarter. SG Americas Securities LLC acquired a new stake in One Liberty Properties in the 3rd quarter valued at about $730,000. State Street Corp lifted its stake in One Liberty Properties by 7.5% in the 2nd quarter. State Street Corp now owns 399,794 shares of the real estate investment trust’s stock valued at $9,366,000 after purchasing an additional 28,042 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in One Liberty Properties by 42.7% in the 3rd quarter. Wells Fargo & Company MN now owns 91,918 shares of the real estate investment trust’s stock valued at $2,240,000 after purchasing an additional 27,527 shares during the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.
One Liberty Properties (NYSE OLP) traded down $0.49 on Thursday, reaching $23.87. The company’s stock had a trading volume of 38,299 shares, compared to its average volume of 32,456. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $453.53, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.89 and a beta of 0.74. One Liberty Properties has a one year low of $21.96 and a one year high of $27.70.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.54%. This is a positive change from One Liberty Properties’s previous quarterly dividend of $0.43. One Liberty Properties’s dividend payout ratio (DPR) is 137.40%.
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One Liberty Properties Company Profile
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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