Analysts expect One Liberty Properties, Inc. (NYSE:OLP) to announce $19.31 million in sales for the current quarter, Zacks reports. Two analysts have made 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 company is expected to issue its next earnings report on Friday, March 9th.
On average, analysts expect that One Liberty Properties will report full year sales of $19.31 million for the current financial year, with estimates ranging from $75.26 million to $75.40 million. For the next financial year, analysts expect that the business will post sales of $80.53 million per share, with estimates ranging from $77.40 million to $83.67 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover One Liberty Properties.
One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Tuesday, November 7th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.11). The firm had revenue of $19.14 million for the quarter, compared to the consensus estimate of $18.88 million. One Liberty Properties had a net margin of 32.44% and a return on equity of 8.31%.
Shares of One Liberty Properties (NYSE:OLP) opened at $24.44 on Thursday. The company has a market cap of $467.78, a price-to-earnings ratio of 12.07, a PEG ratio of 1.94 and a beta of 0.89. One Liberty Properties has a 52-week low of $21.96 and a 52-week high of $27.70. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.77 and a current ratio of 1.77.
The business also recently announced a quarterly dividend, which was paid on Friday, January 5th. Investors of record on Friday, December 22nd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.36%. This is a boost from One Liberty Properties’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, December 21st. One Liberty Properties’s dividend payout ratio (DPR) is presently 137.40%.
A number of institutional investors and hedge funds have recently bought and sold shares of OLP. Schwab Charles Investment Management Inc. grew its stake in One Liberty Properties by 33.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock valued at $1,888,000 after acquiring an additional 20,071 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. Wells Fargo & Company MN grew its stake in One Liberty Properties by 10.3% during the second quarter. Wells Fargo & Company MN now owns 64,391 shares of the real estate investment trust’s stock valued at $1,509,000 after acquiring an additional 6,016 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. Finally, 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. 40.67% of the stock is owned by institutional investors.
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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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