One Liberty Properties (NYSE:OLP) Rating Lowered to Buy at StockNews.com

StockNews.com cut shares of One Liberty Properties (NYSE:OLP) from a strong-buy rating to a buy rating in a research note released on Thursday.

Separately, B. Riley upped their price target on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a buy rating in a research report on Tuesday, August 13th.

One Liberty Properties Price Performance

Shares of One Liberty Properties stock opened at $26.98 on Thursday. One Liberty Properties has a 1-year low of $17.69 and a 1-year high of $28.80. The firm’s 50-day moving average price is $26.54 and its two-hundred day moving average price is $24.53. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $575.75 million, a price-to-earnings ratio of 19.84, a P/E/G ratio of 3.24 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $21.80 million during the quarter, compared to analysts’ expectations of $22.37 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. On average, equities analysts predict that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio (DPR) is presently 132.35%.

Insiders Place Their Bets

In other news, SVP Jeffrey Gould sold 3,220 shares of One Liberty Properties stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $23.45, for a total value of $75,509.00. Following the completion of the sale, the senior vice president now directly owns 371,273 shares of the company’s stock, valued at approximately $8,706,351.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Jeffrey Gould sold 3,220 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $23.45, for a total value of $75,509.00. Following the transaction, the senior vice president now owns 371,273 shares of the company’s stock, valued at approximately $8,706,351.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lawrence Ricketts sold 4,756 shares of One Liberty Properties stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $24.14, for a total transaction of $114,809.84. Following the sale, the chief operating officer now owns 187,345 shares of the company’s stock, valued at approximately $4,522,508.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,101 shares of company stock valued at $273,538. 25.40% of the stock is currently owned by corporate insiders.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently made changes to their positions in OLP. Fortis Group Advisors LLC boosted its position in shares of One Liberty Properties by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 634 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of One Liberty Properties during the 1st quarter worth about $68,000. SG Americas Securities LLC acquired a new position in shares of One Liberty Properties during the 3rd quarter worth about $160,000. BNP Paribas Financial Markets increased its stake in shares of One Liberty Properties by 68.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 3,157 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of One Liberty Properties in the 1st quarter valued at approximately $219,000. Institutional investors own 36.24% 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 and retail 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.