Analysts Expect One Liberty Properties, Inc. (OLP) Will Post Earnings of $0.55 Per Share
Brokerages expect One Liberty Properties, Inc. (NYSE:OLP) to post earnings of $0.55 per share for the current quarter, Zacks reports. Two analysts have provided estimates for One Liberty Properties’ earnings. The highest EPS estimate is $0.55 and the lowest is $0.54. One Liberty Properties reported earnings per share of $0.24 in the same quarter last year, which indicates a positive year over year growth rate of 129.2%. The firm is scheduled to issue its next quarterly earnings results on Friday, March 9th.
On average, analysts expect that One Liberty Properties will report full year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.11. For the next fiscal year, analysts forecast that the business will post earnings of $2.11 per share, with EPS estimates ranging from $2.09 to $2.13. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow One Liberty Properties.
Several brokerages have recently issued reports on OLP. Zacks Investment Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, November 28th. B. Riley reissued a “neutral” rating on shares of One Liberty Properties in a report on Wednesday, November 1st. TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a report on Thursday, October 5th. ValuEngine raised One Liberty Properties from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, DA Davidson began coverage on One Liberty Properties in a report on Monday, September 25th. They issued a “neutral” rating and a $25.00 price target on the stock. Four 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. One Liberty Properties presently has a consensus rating of “Buy” and a consensus target price of $26.40.
A number of large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in One Liberty Properties by 33.2% in the second 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. 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 worth $3,450,000 after buying an additional 1,120 shares during 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 worth $1,509,000 after buying an additional 6,016 shares during the last quarter. AXA grew its stake in One Liberty Properties by 14.4% during the second quarter. AXA now owns 67,325 shares of the real estate investment trust’s stock worth $1,577,000 after buying an additional 8,476 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of 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 purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 41.17% of the company’s stock.
One Liberty Properties (NYSE OLP) remained flat at $$26.03 during trading hours on Wednesday. The stock had a trading volume of 53,500 shares, compared to its average volume of 46,276. The firm has a market capitalization of $490.40, a price-to-earnings ratio of 20.02, a P/E/G ratio of 2.06 and a beta of 0.89. One Liberty Properties has a 1 year low of $21.96 and a 1 year high of $27.70. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.36.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.92%. This is a boost from One Liberty Properties’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, December 21st. One Liberty Properties’s payout ratio is presently 138.46%.
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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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