One Liberty Properties (NYSE:OLP) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a report published on Friday.

Separately, B. Riley lifted their target price on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.

One Liberty Properties Stock Performance

NYSE:OLP opened at $29.18 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.98. The firm has a 50-day moving average of $27.39 and a two-hundred day moving average of $25.45. The stock has a market cap of $624.16 million, a P/E ratio of 18.01, a PEG ratio of 3.44 and a beta of 1.36. One Liberty Properties has a 1-year low of $18.57 and a 1-year high of $29.31.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The firm had revenue of $22.21 million during the quarter, compared to analyst estimates of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. On average, research analysts expect that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.17%. One Liberty Properties’s dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling

In related news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the sale, the executive vice president now owns 39,249 shares of the company’s stock, valued at $1,045,200.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On One Liberty Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of One Liberty Properties by 4.3% in the third quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 411 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of One Liberty Properties by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 580 shares during the last quarter. Rhumbline Advisers lifted its position in One Liberty Properties by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after acquiring an additional 751 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in One Liberty Properties by 7.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock worth $628,000 after acquiring an additional 1,561 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in One Liberty Properties during the 3rd quarter worth $83,000. 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.