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

One Liberty Properties, Inc. (NYSE: OLP) changed 0.52% to recent value of $29.11. The stock transacted 48041 shares during most recent day however it has an average volume of 45.81K shares. It spotted trading -8.40% off 52-week high price. On the other end, the stock has been noted 26.46% away from the low price over the last 52-weeks.

One Liberty Properties, Inc. (NYSE: OLP) reported that it entered into an amendment to its $100 million credit facility that extends the facility’s maturity to December 31, 2022 and, subject to specified limits, increases the aggregate amount that may be used for property improvements and working capital purposes to the lesser of $30 million and 30% of the borrowing base.  At July 1, 2019, there was an outstanding balance of $32.2 million under the facility.

Patrick J. Callan, Jr., President and Chief Executive Officer stated:  “We are pleased to extend the term and size of our credit facility that will support the growth of our business.  As we continue to pursue acquisitions and property improvements, this facility will provide additional financial flexibility to enhance long-term growth.”

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 19.75M of outstanding shares and 17.37M shares were floated in the market. The price moved ahead of -3.41% from the mean of 20 days, -0.32% from mean of 50 days SMA and performed 5.78% from mean of 200 days price. Company’s performance for the week was -0.85%, 1.50% for month and YTD performance remained 20.19%.


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