One Liberty Properties (NYSE:OLP) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of One Liberty Properties (NYSE:OLP – Get Rating) in a research note issued to investors on Thursday. The firm issued a buy rating on the real estate investment trust’s stock.

Separately, EF Hutton Acquisition Co. I decreased their price objective on shares of One Liberty Properties from $28.00 to $27.00 and set a buy rating for the company in a research note on Tuesday, March 14th.

One Liberty Properties Trading Down 1.2 %

NYSE:OLP opened at $22.28 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.58 and a current ratio of 1.61. The firm has a market cap of $474.12 million, a price-to-earnings ratio of 11.20 and a beta of 1.30. One Liberty Properties has a 52 week low of $20.32 and a 52 week high of $32.27. The firm has a 50-day moving average price of $23.23 and a two-hundred day moving average price of $23.10.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Monday, March 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.08%. The ex-dividend date is Friday, March 24th. One Liberty Properties’s dividend payout ratio is currently 90.45%.

Insider Activity

In other news, COO Lawrence Ricketts sold 2,039 shares of the stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $23.55, for a total transaction of $48,018.45. Following the completion of the transaction, the chief operating officer now directly owns 187,126 shares of the company’s stock, valued at approximately $4,406,817.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Justin Clair sold 5,137 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $23.50, for a total transaction of $120,719.50. Following the completion of the transaction, the vice president now directly owns 43,749 shares of the company’s stock, valued at approximately $1,028,101.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Lawrence Ricketts sold 2,039 shares of the stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $23.55, for a total transaction of $48,018.45. Following the transaction, the chief operating officer now directly owns 187,126 shares of the company’s stock, valued at $4,406,817.30. The disclosure for this sale can be found here. Insiders sold 17,676 shares of company stock valued at $413,993 in the last three months. Company insiders own 22.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE boosted its holdings in One Liberty Properties by 23.3% in the 1st quarter. US Bancorp DE now owns 2,648 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 500 shares during the period. JFS Wealth Advisors LLC boosted its holdings in One Liberty Properties by 84.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,310 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 599 shares during the period. Lazard Asset Management LLC bought a new position in One Liberty Properties in the 1st quarter worth approximately $29,000. Price T Rowe Associates Inc. MD boosted its holdings in One Liberty Properties by 7.2% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 14,863 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 996 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in One Liberty Properties by 10.8% in the 3rd quarter. Penserra Capital Management LLC now owns 12,110 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,180 shares during the period. 38.91% of the stock is owned by institutional investors.

One Liberty Properties Company Profile

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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.