B. Riley Weighs in on One Liberty Properties, Inc.’s FY2019 Earnings (NYSE:OLP)

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One Liberty Properties, Inc. (NYSE:OLP) – B. Riley lowered their FY2019 EPS estimates for shares of One Liberty Properties in a research note issued on Tuesday, November 19th. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings of $1.61 per share for the year, down from their prior estimate of $1.76. B. Riley also issued estimates for One Liberty Properties’ Q4 2019 earnings at $0.40 EPS, Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.40 EPS and FY2020 earnings at $1.60 EPS.

Separately, Zacks Investment Research upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Wednesday.

OLP opened at $27.33 on Thursday. One Liberty Properties has a 12 month low of $23.02 and a 12 month high of $31.78. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $542.36 million, a P/E ratio of 12.83 and a beta of 0.71. The stock’s 50 day moving average price is $27.51 and its 200 day moving average price is $28.37.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Monday, November 11th. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. One Liberty Properties had a return on equity of 4.52% and a net margin of 16.17%. The firm had revenue of $20.41 million for the quarter, compared to analysts’ expectations of $21.04 million.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Oak Wealth Management Inc. acquired a new position in shares of One Liberty Properties during the 3rd quarter valued at $45,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of One Liberty Properties by 17.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 19,705 shares of the real estate investment trust’s stock valued at $542,000 after purchasing an additional 2,916 shares during the period. Naples Global Advisors LLC increased its position in shares of One Liberty Properties by 44.1% during the 3rd quarter. Naples Global Advisors LLC now owns 41,852 shares of the real estate investment trust’s stock valued at $1,152,000 after purchasing an additional 12,815 shares during the period. Rhumbline Advisers increased its position in shares of One Liberty Properties by 8.3% during the 3rd quarter. Rhumbline Advisers now owns 28,521 shares of the real estate investment trust’s stock valued at $785,000 after purchasing an additional 2,185 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of One Liberty Properties by 157.5% during the 3rd quarter. Pacer Advisors Inc. now owns 39,670 shares of the real estate investment trust’s stock valued at $1,092,000 after purchasing an additional 24,265 shares during the period. Hedge funds and other institutional investors own 41.52% of the company’s stock.

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.

Further Reading: Investing in Dividend Stocks

Earnings History and Estimates for One Liberty Properties (NYSE:OLP)

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