Equities research analysts predict that One Liberty Properties, Inc. (NYSE:OLP) will announce sales of $19.31 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for One Liberty Properties’ earnings. The lowest sales estimate is $19.24 million and the highest is $19.38 million. One Liberty Properties reported sales of $18.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The firm is expected to report its next earnings results on Friday, March 9th.

On average, analysts expect that One Liberty Properties will report full year sales of $19.31 million for the current fiscal year, with estimates ranging from $75.26 million to $75.40 million. For the next year, analysts anticipate that the company will report sales of $80.53 million per share, with estimates ranging from $77.40 million to $83.67 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for One Liberty Properties.

Several equities analysts have recently weighed in on OLP shares. TheStreet upgraded shares of One Liberty Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. B. Riley reiterated a “hold” rating and issued a $25.50 target price on shares of One Liberty Properties in a research note on Thursday, November 9th. Zacks Investment Research upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Finally, DA Davidson lifted their target price on shares of One Liberty Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. One Liberty Properties has a consensus rating of “Buy” and a consensus target price of $26.40.

One Liberty Properties (NYSE OLP) traded up $0.17 on Tuesday, hitting $26.37. 34,200 shares of the stock traded hands, compared to its average volume of 45,920. The stock has a market capitalization of $492.10, a P/E ratio of 12.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.88. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.77 and a quick ratio of 1.77. One Liberty Properties has a 52-week low of $21.96 and a 52-week high of $27.36.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.80 annualized dividend and a yield of 6.83%. This is a boost from One Liberty Properties’s previous quarterly dividend of $0.43. One Liberty Properties’s payout ratio is currently 131.30%.

In related news, insider Lawrence Ricketts sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the transaction, the insider now owns 113,302 shares of the company’s stock, valued at $2,735,110.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Justin Clair sold 2,839 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total transaction of $70,605.93. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its stake in One Liberty Properties by 0.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,932 shares of the real estate investment trust’s stock valued at $303,000 after acquiring an additional 46 shares in the last quarter. Teachers Advisors LLC grew its stake in One Liberty Properties by 1.5% during the second quarter. Teachers Advisors LLC now owns 39,233 shares of the real estate investment trust’s stock valued at $919,000 after acquiring an additional 585 shares in the last quarter. Alliancebernstein L.P. grew its stake in One Liberty Properties by 1.5% during the second quarter. Alliancebernstein L.P. now owns 55,368 shares of the real estate investment trust’s stock valued at $1,297,000 after acquiring an additional 800 shares in the last quarter. Bank of New York Mellon Corp grew its stake in One Liberty Properties by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 147,286 shares of the real estate investment trust’s stock valued at $3,450,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in One Liberty Properties by 15.1% during the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 1,359 shares in the last quarter. 41.17% of the stock is owned by institutional investors.

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About One Liberty Properties

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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