Key Points
- One Liberty Properties EVP Justin Clair sold 4,500 shares at an average price of $24.06, generating $108,270. Following the sale, he retained 34,153 shares, an 11.64% reduction in his position.
- One Liberty reported quarterly EPS of $0.71, exceeding the $0.67 analyst consensus, while revenue of $27.0 million also topped estimates.
- The REIT pays a quarterly dividend of $0.45, equivalent to a 7.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with a $28.50 price target, compared with shares opening at $24.42.
One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) EVP Justin Clair sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.06, for a total transaction of $108,270.00. Following the completion of the transaction, the executive vice president directly owned 34,153 shares of the company's stock, valued at $821,721.18. This represents a 11.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
One Liberty Properties Stock Performance
Shares of OLP opened at $24.42 on Thursday. The stock has a 50-day simple moving average of $24.55 and a 200-day simple moving average of $23.52. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $534.80 million, a PE ratio of 15.36 and a beta of 0.87. One Liberty Properties, Inc. has a 1 year low of $19.62 and a 1 year high of $25.88.
One Liberty Properties (NYSE:OLP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $27.00 million during the quarter, compared to the consensus estimate of $26.78 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. On average, analysts predict that One Liberty Properties, Inc. will post 1.74 earnings per share for the current fiscal year.
One Liberty Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties's dividend payout ratio is presently 113.21%.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Zacks Research upgraded One Liberty Properties from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of One Liberty Properties from a "sell (d-)" rating to a "sell (d)" rating in a research report on Wednesday, July 1st. Finally, B. Riley Financial boosted their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a "buy" rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, One Liberty Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.50.
Read Our Latest Stock Report on One Liberty Properties
Institutional Trading of One Liberty Properties
A number of institutional investors have recently bought and sold shares of OLP. US Bancorp DE lifted its holdings in One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 490 shares in the last quarter. Allworth Financial LP purchased a new stake in One Liberty Properties during the second quarter worth approximately $35,000. New York State Teachers Retirement System acquired a new stake in One Liberty Properties in the 1st quarter valued at $36,000. Legal & General Group Plc purchased a new stake in shares of One Liberty Properties in the second quarter worth about $41,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of One Liberty Properties in the fourth quarter valued at about $51,000. 36.24% of the stock is currently owned by hedge funds and other institutional investors.
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.
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