One Liberty Properties (NYSE:OLP) Sees Large Volume Increase – Time to Buy?

One Liberty Properties, Inc. (NYSE:OLP) shares saw strong trading volume on Monday . 61,713 shares were traded during trading, an increase of 36% from the previous session’s volume of 45,440 shares.The stock last traded at $25.81 and had previously closed at $25.60.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

One Liberty Properties Stock Performance

The firm has a fifty day moving average price of $26.18 and a 200 day moving average price of $27.11. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. The firm has a market cap of $560.66 million, a PE ratio of 16.18, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39.

One Liberty Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.87%. One Liberty Properties’s dividend payout ratio is currently 111.11%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OLP. Lazard Asset Management LLC raised its position in One Liberty Properties by 934.8% in the fourth quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 4,917 shares during the period. Deutsche Bank AG raised its holdings in One Liberty Properties by 30.6% in the 4th quarter. Deutsche Bank AG now owns 10,776 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 2,526 shares during the period. Bank of America Corp DE lifted its position in One Liberty Properties by 24.9% in the fourth quarter. Bank of America Corp DE now owns 23,793 shares of the real estate investment trust’s stock valued at $648,000 after buying an additional 4,745 shares during the last quarter. Jane Street Group LLC boosted its stake in One Liberty Properties by 88.0% during the fourth quarter. Jane Street Group LLC now owns 18,155 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 8,496 shares during the period. Finally, Northern Trust Corp increased its position in shares of One Liberty Properties by 9.8% during the fourth quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust’s stock valued at $8,476,000 after acquiring an additional 27,746 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors and hedge funds.

About One Liberty Properties

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.