Equities research analysts expect One Liberty Properties, Inc. (NYSE:OLP) to post sales of $19.78 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for One Liberty Properties’ earnings, with the lowest sales estimate coming in at $19.77 million and the highest estimate coming in at $19.80 million. One Liberty Properties posted sales of $18.41 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.4%. The business is scheduled to report its next earnings report on Monday, August 6th.
According to Zacks, analysts expect that One Liberty Properties will report full year sales of $80.02 million for the current year, with estimates ranging from $79.60 million to $80.45 million. For the next year, analysts expect that the business will post sales of $85.78 million per share, with estimates ranging from $80.75 million to $90.80 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow One Liberty Properties.
One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.12). The firm had revenue of $19.53 million for the quarter, compared to analyst estimates of $19.41 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 35.25%.
OLP has been the topic of a number of research reports. Zacks Investment Research raised shares of One Liberty Properties from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine lowered shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. B. Riley set a $25.00 price target on shares of One Liberty Properties and gave the company a “hold” rating in a research report on Friday, March 16th. Finally, TheStreet lowered shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, March 13th. Five equities research analysts have rated the stock with a hold rating, One Liberty Properties currently has an average rating of “Hold” and an average target price of $26.13.
In other news, Director Jesse Robert Lovejoy sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $24.35, for a total transaction of $48,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Lawrence Ricketts sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $23.76, for a total transaction of $118,800.00. Following the transaction, the chief operating officer now directly owns 125,624 shares of the company’s stock, valued at $2,984,826.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,100 shares of company stock valued at $369,175. Company insiders own 21.90% of the company’s stock.
Several large investors have recently modified their holdings of OLP. Schwab Charles Investment Management Inc. boosted its holdings in One Liberty Properties by 11.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 74,474 shares of the real estate investment trust’s stock worth $1,931,000 after buying an additional 7,452 shares in the last quarter. BlackRock Inc. raised its holdings in One Liberty Properties by 0.3% during the 4th quarter. BlackRock Inc. now owns 1,304,160 shares of the real estate investment trust’s stock valued at $33,805,000 after acquiring an additional 3,801 shares during the period. Renaissance Technologies LLC raised its holdings in One Liberty Properties by 11.2% during the 4th quarter. Renaissance Technologies LLC now owns 553,500 shares of the real estate investment trust’s stock valued at $14,347,000 after acquiring an additional 55,600 shares during the period. UBS Asset Management Americas Inc. bought a new stake in One Liberty Properties during the 4th quarter valued at $213,000. Finally, Martingale Asset Management L P raised its holdings in One Liberty Properties by 36.3% during the 4th quarter. Martingale Asset Management L P now owns 107,431 shares of the real estate investment trust’s stock valued at $2,785,000 after acquiring an additional 28,624 shares during the period. 41.30% of the stock is owned by hedge funds and other institutional investors.
Shares of One Liberty Properties remained flat at $$25.52 during mid-day trading on Thursday, MarketBeat reports. The stock had a trading volume of 48,268 shares, compared to its average volume of 53,049. One Liberty Properties has a 1 year low of $21.02 and a 1 year high of $27.70. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $491.91 million, a price-to-earnings ratio of 12.21, a PEG ratio of 2.15 and a beta of 0.78.
One Liberty Properties Company Profile
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 of industrial, retail (including furniture stores and supermarkets), restaurant, health and fitness and theater properties.
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