One Liberty Properties (NYSE:OLP) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.19, Fidelity Earnings reports. One Liberty Properties had a return on equity of 7.24% and a net margin of 27.68%. The business had revenue of $19.57 million during the quarter, compared to analysts’ expectations of $20.19 million.
Shares of OLP stock 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 52-week low of $21.02 and a 52-week high of $29.44. 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 stock has a market capitalization of $504.39 million, a P/E ratio of 12.44, a P/E/G ratio of 2.22 and a beta of 0.68.
OLP has been the subject of several recent analyst reports. TheStreet cut One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Zacks Investment Research cut One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, B. Riley boosted their price target 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 analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target 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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