$19.31 Million in Sales Expected for One Liberty Properties, Inc. (OLP) This Quarter

Equities analysts expect that One Liberty Properties, Inc. (NYSE:OLP) will post sales of $19.31 million for the current quarter, according to Zacks. Two analysts have issued estimates for One Liberty Properties’ earnings, with the highest sales estimate coming in at $19.38 million and the lowest estimate coming in at $19.24 million. One Liberty Properties posted sales of $18.99 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The firm is scheduled to announce its next quarterly 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 year, with estimates ranging from $75.26 million to $75.40 million. For the next year, analysts anticipate that the business will post sales of $80.53 million per share, with estimates ranging from $77.40 million to $83.67 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover One Liberty Properties.

A number of analysts recently issued reports on the stock. DA Davidson increased their target price on shares of One Liberty Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. TheStreet raised shares of One Liberty Properties from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. B. Riley reaffirmed a “hold” rating and issued a $25.50 price objective on shares of One Liberty Properties in a research report on Thursday, November 9th. Finally, ValuEngine raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $25.25.

Shares of One Liberty Properties (OLP) opened at $26.65 on Friday. The stock has a market cap of $500.55, a P/E ratio of 13.06, a P/E/G ratio of 2.11 and a beta of 0.85. One Liberty Properties has a 1 year low of $21.96 and a 1 year high of $27.05. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.36.

In other One Liberty Properties news, insider Lawrence Ricketts sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $24.14, for a total value of $168,980.00. Following the completion of the sale, the insider now owns 113,302 shares of the company’s stock, valued at $2,735,110.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Justin Clair sold 2,839 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total transaction of $70,605.93. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of OLP. Northern Trust Corp grew its position in shares of One Liberty Properties by 11.1% during the second quarter. Northern Trust Corp now owns 481,807 shares of the real estate investment trust’s stock worth $11,289,000 after buying an additional 48,129 shares in the last quarter. Vanguard Group Inc. grew its position in shares of One Liberty Properties by 14.3% during the second quarter. Vanguard Group Inc. now owns 1,875,088 shares of the real estate investment trust’s stock worth $43,933,000 after buying an additional 234,523 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of 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 worth $1,888,000 after buying an additional 20,071 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of 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 in the last quarter. Finally, RMR Advisors LLC grew its position in shares of One Liberty Properties by 55.0% during the third quarter. RMR Advisors LLC now owns 28,177 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 10,000 shares in the last quarter. 41.63% of the stock is owned by institutional investors.

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About One Liberty Properties

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

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