One Liberty Properties (NYSE:OLP) announced its earnings results on Thursday. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.19, Fidelity Earnings reports. The business had revenue of $19.57 million during the quarter, compared to analyst estimates of $20.19 million. One Liberty Properties had a net margin of 27.68% and a return on equity of 7.24%.
Shares of NYSE:OLP traded down $0.34 during midday trading on Friday, hitting $26.01. The company had a trading volume of 30,763 shares, compared to its average volume of 32,419. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $504.39 million, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. One Liberty Properties has a 12-month low of $21.02 and a 12-month high of $29.44.
OLP has been the subject of a number of research reports. TheStreet lowered shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Zacks Investment Research lowered One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, B. Riley upped their price objective on One Liberty Properties from $24.50 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Four 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.
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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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