Key Points
- One Liberty Properties EVP Justin Clair sold 2,676 shares on May 8 at an average price of $23.36, generating about $62,511 and reducing his holdings by 7.49%.
- OLP shares were little changed, opening at $23.47 and trading near their 50-day and 200-day moving averages, with a 1-year range of $19.62 to $25.90.
- The REIT posted stronger-than-expected quarterly results, reporting EPS of $0.48 versus estimates of $0.26 and revenue of $28.29 million versus $26.77 million expected, while also paying a quarterly dividend of $0.45 per share.
One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) EVP Justin Clair sold 2,676 shares of the firm's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the sale, the executive vice president directly owned 33,074 shares of the company's stock, valued at $772,608.64. The trade was a 7.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
One Liberty Properties Stock Down 0.5%
Shares of OLP stock opened at $23.47 on Wednesday. The stock's fifty day moving average price is $22.82 and its 200 day moving average price is $21.73. One Liberty Properties, Inc. has a 1-year low of $19.62 and a 1-year high of $25.90. The company has a market cap of $512.12 million, a price-to-earnings ratio of 18.48 and a beta of 0.90. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95.
One Liberty Properties (NYSE:OLP - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The company had revenue of $28.29 million during the quarter, compared to analysts' expectations of $26.77 million. On average, research analysts expect that One Liberty Properties, Inc. will post 1.71 earnings per share for the current fiscal year.
One Liberty Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were paid a $0.45 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.7%. One Liberty Properties's dividend payout ratio (DPR) is 141.73%.
Wall Street Analyst Weigh In
OLP has been the subject of a number of research analyst reports. Wall Street Zen raised shares of One Liberty Properties from a "sell" rating to a "hold" rating in a report on Saturday, April 4th. B. Riley Financial reissued a "buy" rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.50.
Check Out Our Latest Research Report on OLP
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in One Liberty Properties by 6.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust's stock valued at $240,000 after purchasing an additional 585 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in One Liberty Properties by 12.2% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 6,986 shares of the real estate investment trust's stock valued at $154,000 after purchasing an additional 758 shares during the last quarter. Legal & General Group Plc grew its stake in shares of One Liberty Properties by 4.7% in the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 996 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of One Liberty Properties by 12.3% in the third quarter. State of Alaska Department of Revenue now owns 9,955 shares of the real estate investment trust's stock worth $219,000 after acquiring an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company's stock.
One Liberty Properties Company Profile
(
Get Free Report)
One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty's strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.
Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.
Further Reading
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