One Liberty Properties (NYSE:OLP) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.19, Fidelity Earnings reports. One Liberty Properties had a net margin of 27.68% and a return on equity of 7.24%. The business had revenue of $19.57 million during the quarter, compared to the consensus estimate of $20.19 million.
NYSE OLP traded down $0.34 during mid-day trading on Friday, hitting $26.01. The company’s stock had a trading volume of 30,763 shares, compared to its average volume of 32,419. One Liberty Properties has a twelve month low of $21.02 and a twelve month high of $29.44. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. The company has a market cap of $504.39 million, a P/E ratio of 12.44, a PEG ratio of 2.22 and a beta of 0.68.
OLP has been the subject of several research reports. TheStreet downgraded shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research report on Friday, October 12th. Zacks Investment Research downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, B. Riley lifted their price target on shares of One Liberty Properties from $24.50 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Four equities research analysts have rated the stock with a hold rating, One Liberty Properties has a consensus rating of “Hold” and a consensus target price of $28.33.
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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