Wall Street brokerages expect that One Liberty Properties, Inc. (NYSE:OLP) will report $20.19 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for One Liberty Properties’ earnings. One Liberty Properties posted sales of $19.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.5%. The firm is expected to issue its next quarterly earnings report on Tuesday, November 13th.
According to Zacks, analysts expect that One Liberty Properties will report full year sales of $80.08 million for the current fiscal year, with estimates ranging from $79.91 million to $80.25 million. For the next fiscal year, analysts forecast that the business will report sales of $86.21 million, with estimates ranging from $81.17 million to $91.25 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow One Liberty Properties.
Several research analysts have recently commented on the stock. TheStreet lowered shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Zacks Investment Research lowered shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Finally, B. Riley increased their price target on shares of 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 investment analysts have rated the stock with a hold rating, One Liberty Properties has an average rating of “Hold” and an average target price of $28.33.
Several institutional investors and hedge funds have recently made changes to their positions in OLP. State of Alaska Department of Revenue acquired a new position in shares of One Liberty Properties during the 3rd quarter worth $132,000. Usca Ria LLC acquired a new position in One Liberty Properties in the 2nd quarter valued at $221,000. American Century Companies Inc. acquired a new position in One Liberty Properties in the 2nd quarter valued at $301,000. JPMorgan Chase & Co. grew its stake in One Liberty Properties by 119.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,193 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 9,354 shares during the last quarter. Finally, Aperio Group LLC acquired a new position in One Liberty Properties in the 2nd quarter valued at $567,000. Institutional investors own 41.49% of the company’s stock.
Shares of OLP opened at $26.01 on Friday. One Liberty Properties has a 12 month low of $21.02 and a 12 month high of $29.44. The firm has a market cap of $502.07 million, a PE ratio of 12.67, a price-to-earnings-growth ratio of 2.21 and a beta of 0.68. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36.
About One Liberty Properties
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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