One Liberty Properties (NYSE:OLP) Upgraded at StockNews.com

StockNews.com upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a buy rating in a research report report published on Wednesday morning.

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

One Liberty Properties Stock Performance

NYSE OLP opened at $28.78 on Wednesday. The company has a market capitalization of $615.60 million, a PE ratio of 17.77, a price-to-earnings-growth ratio of 3.40 and a beta of 1.36. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. One Liberty Properties has a 52-week low of $19.25 and a 52-week high of $29.79. The company has a 50-day simple moving average of $27.65 and a 200 day simple moving average of $25.72.

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

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s payout ratio is currently 111.11%.

Insider Activity at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the transaction, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. This trade represents a 7.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 25.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On One Liberty Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC bought a new stake in One Liberty Properties during the 3rd quarter worth approximately $83,000. SG Americas Securities LLC bought a new position in shares of One Liberty Properties in the third quarter worth $160,000. BNP Paribas Financial Markets raised its position in shares of One Liberty Properties by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 2,801 shares in the last quarter. HighTower Advisors LLC bought a new stake in One Liberty Properties during the third quarter valued at $201,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in One Liberty Properties during the first quarter worth about $219,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Company Profile

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.