One Liberty Properties Up 3.41% To $21.23 After Earnings

One Liberty Properties (OLP) said after close Tuesday that it earned $0.5 per share in quarter four 2023.

On the revenue line, the company reported $22.7 million, beating estimates by $291 thousand.

In the same quarter a year ago, the company earned $0.52 per share on revenue of $27.7 million.

The stock is up 3.41% to $21.23 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned One Liberty Properties a Bullish Sentiment Rank from InvestorsObserver.

One Liberty Properties has performed a little below average during the past few months. Before the report, One Liberty Properties received a Long-Term Technical Rank by InvestorsObserver of 40, putting it in the bottom half of stocks. The firm set a 52-week low on October 3, 2023 at $17.55 and set a 52-week high on March 21, 2023 at $23.4.

One Liberty Properties Inc is a self-administered and self-managed real estate investment trust. It acquires, owns, and manages a geographically diversified portfolio of industrial, retail, restaurant, health and fitness, and theater properties. The group generates the majority of its revenue in the form of rental income.