One Liberty Properties (NYSE:OLP) issued its earnings results on Thursday. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.19, Fidelity Earnings reports. The business had revenue of $19.57 million for the quarter, compared to analyst estimates of $20.19 million. One Liberty Properties had a return on equity of 7.24% and a net margin of 27.68%.
Shares of OLP traded down $0.34 during trading hours on Friday, hitting $26.01. The stock had a trading volume of 30,763 shares, compared to its average volume of 32,419. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $504.39 million, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.68. One Liberty Properties has a 12-month low of $21.02 and a 12-month high of $29.44.
Several research analysts recently weighed in on OLP shares. TheStreet lowered One Liberty Properties from a “b-” rating to a “c+” rating in a research report on Friday, October 12th. Zacks Investment Research lowered One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Finally, B. Riley increased their target price on One Liberty Properties from $24.50 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $28.33.
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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