Equities analysts expect One Liberty Properties, Inc. (NYSE:OLP) to post earnings of $0.49 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for One Liberty Properties’ earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.50. One Liberty Properties posted earnings of $0.24 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 104.2%. The firm is expected to issue its next earnings report on Tuesday, November 14th.

According to Zacks, analysts expect that One Liberty Properties will report full year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.89 to $2.04. For the next year, analysts expect that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.88 to $2.07. Zacks’ earnings per share averages are an average based on a survey of research firms that follow One Liberty Properties.

Several research analysts recently issued reports on OLP shares. FBR & Co started coverage on One Liberty Properties in a research note on Monday, July 24th. They issued a “mkt perform” rating and a $25.50 price objective on the stock. Zacks Investment Research cut One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. BidaskClub raised One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Finally, DA Davidson started coverage on One Liberty Properties in a research note on Monday, September 25th. They issued a “neutral” rating and a $25.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.83.

In other One Liberty Properties news, insider Lawrence Ricketts sold 7,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the sale, the insider now owns 113,302 shares of the company’s stock, valued at approximately $2,735,110.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Justin Clair sold 2,100 shares of the stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $24.06, for a total value of $50,526.00. Following the sale, the vice president now directly owns 33,305 shares in the company, valued at approximately $801,318.30. The disclosure for this sale can be found here. Insiders have sold a total of 11,939 shares of company stock worth $290,112 in the last ninety days. Insiders own 8.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. RMR Advisors LLC boosted its position in One Liberty Properties by 1.7% during the 2nd quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 307 shares in the last quarter. Naples Global Advisors LLC boosted its position in shares of One Liberty Properties by 1.1% in the 2nd quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 250 shares in the last quarter. Citigroup Inc. boosted its position in shares of One Liberty Properties by 39.2% in the 2nd quarter. Citigroup Inc. now owns 16,428 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 4,628 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of One Liberty Properties by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 147,286 shares of the real estate investment trust’s stock worth $3,450,000 after purchasing an additional 1,120 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of One Liberty Properties by 33.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock worth $1,888,000 after purchasing an additional 20,071 shares in the last quarter. 41.39% of the stock is currently owned by institutional investors and hedge funds.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Monday, September 25th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.72 annualized dividend and a yield of 7.10%. One Liberty Properties’s dividend payout ratio (DPR) is presently 147.01%.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

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Earnings History and Estimates for One Liberty Properties (NYSE:OLP)

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