Eye Catching Stock: One Liberty Properties, Inc. (NYSE:OLP)

One Liberty Properties, Inc. (NYSE:OLP) changed 0.52% to recent value of $28.83. The stock transacted 27758 shares during most recent day however it has an average volume of 46.44K shares. It spotted trading -3.71% off 52-week high price. On the other end, the stock has been noted 25.24% away from the low price over the last 52-weeks.

One Liberty Properties, Inc. (NYSE:OLP) reportedthat it acquired two industrial properties for an aggregate purchase price of $11.8 million.

On May 30, 2019, One Liberty acquired a 100,000 square foot industrial facility on 4.6 acres located three miles east of downtown Nashville, Tennessee, for $8 million.  The property is leased to two tenants with leases expiring in 2023 and 2024.  The current aggregate annual base rent under the leases is $519,000, with annual increases ranging from 3.0% to 3.5%.  Zwanenberg Food Group d/b/a Vietti Foods Co. Inc., a manufacturer of canned meats, recently expanded its footprint at the facility to 75,000 square feet, and the lease is guaranteed by Meatpoint B.V., a Dutch food conglomerate.  Metro Carpets, LLC, which is in the carpet and flooring business and was recently acquired by Artisan Design Group, occupies the balance of the space, which is adjacent to their headquarters and showroom.

On May 30, 2019, One Liberty acquired a 57,000 square foot industrial property on 3.1 acres located in Wauconda, Illinois, a suburb of Chicago, for $3.8 million.  The 32-foot clear, Class A building is net leased to Echo, Inc., a manufacturer and distributor of outdoor power and professional landscape equipment, and is used primarily for warehouse and distribution purposes.  The lease provides for an annual base rent of $278,000, with 3% annual increases through lease expiration in early 2024.   

 OLP has a gross margin of 85.00%. Its earnings per share (EPS) expected to touch remained -18.00% for this year while earning per share for the next 5-years is expected to reach at 6.00%.

 The company has 19.83M of outstanding shares and 17.38M shares were floated in the market. The price moved ahead of -0.82% from the mean of 20 days, 1.58% from mean of 50 days SMA and performed 5.34% from mean of 200 days price. Company’s performance for the week was -0.79%, -0.48% for month and YTD performance remained 19.03%.

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