One Liberty Properties (NYSE:OLP) Sets New 52-Week High at $29.58

One Liberty Properties, Inc. (NYSE:OLP)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $29.58 and last traded at $29.50, with a volume of 1553 shares trading hands. The stock had previously closed at $29.18.

Several analysts recently weighed in on the company. B. Riley raised their price objective on One Liberty Properties from $18.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, March 16th. Zacks Investment Research upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, March 23rd. DA Davidson raised their target price on shares of One Liberty Properties from $16.50 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, March 16th. Finally, Aegis initiated coverage on shares of One Liberty Properties in a research report on Monday, June 7th. They issued a “buy” rating and a $32.00 target price on the stock.

The company’s 50 day moving average price is $26.08. The stock has a market capitalization of $595.84 million, a PE ratio of 27.11 and a beta of 1.41. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.54 and a quick ratio of 1.54.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, May 5th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). One Liberty Properties had a net margin of 27.67% and a return on equity of 7.79%. As a group, equities analysts expect that One Liberty Properties, Inc. will post 1.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 9th. Stockholders of record on Friday, June 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.26%. One Liberty Properties’s dividend payout ratio (DPR) is 94.74%.

In other news, VP Justin Clair sold 6,840 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $23.66, for a total value of $161,834.40. Following the transaction, the vice president now owns 38,575 shares in the company, valued at approximately $912,684.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 21.80% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Nuveen Asset Management LLC lifted its stake in shares of One Liberty Properties by 0.7% in the 4th quarter. Nuveen Asset Management LLC now owns 76,586 shares of the real estate investment trust’s stock valued at $1,537,000 after purchasing an additional 504 shares during the period. BlackRock Inc. lifted its position in shares of One Liberty Properties by 3.4% during the 4th quarter. BlackRock Inc. now owns 1,329,008 shares of the real estate investment trust’s stock valued at $26,673,000 after acquiring an additional 43,102 shares during the period. Globeflex Capital L P lifted its position in shares of One Liberty Properties by 6.8% during the 4th quarter. Globeflex Capital L P now owns 42,295 shares of the real estate investment trust’s stock valued at $849,000 after acquiring an additional 2,698 shares during the period. Rhumbline Advisers lifted its position in shares of One Liberty Properties by 12.0% during the 4th quarter. Rhumbline Advisers now owns 32,823 shares of the real estate investment trust’s stock valued at $659,000 after acquiring an additional 3,508 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of One Liberty Properties by 54.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 38,148 shares of the real estate investment trust’s stock valued at $850,000 after acquiring an additional 13,474 shares during the period. 44.11% of the stock is currently owned by institutional investors.

One Liberty Properties Company Profile (NYSE:OLP)

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, retail, restaurant, health and fitness and theater 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.

Further Reading: Equal Weight Rating

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