One Liberty Properties (NYSE:OLP) Sets New 52-Week High on Analyst Upgrade

One Liberty Properties, Inc. (NYSE:OLPGet Free Report) hit a new 52-week high during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $25.60 and last traded at $25.4550, with a volume of 53841 shares. The stock had previously closed at $24.46.

OLP has been the subject of several other research reports. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, B. Riley Financial upped their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, One Liberty Properties has an average rating of “Moderate Buy” and an average price target of $28.50.

View Our Latest Analysis on OLP

Insider Activity at One Liberty Properties

In other news, EVP Justin Clair sold 2,676 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the transaction, the executive vice president directly owned 33,074 shares of the company’s stock, valued at approximately $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the transaction, the chief operating officer owned 165,522 shares of the company’s stock, valued at approximately $4,055,289. This represents a 3.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,676 shares of company stock worth $348,794 over the last three months. Insiders own 25.80% of the company’s stock.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE grew its holdings in shares of One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 490 shares during the period. New York State Teachers Retirement System purchased a new position in shares of One Liberty Properties in the 1st quarter valued at approximately $36,000. GAMMA Investing LLC lifted its stake in shares of One Liberty Properties by 241.7% in the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,380 shares during the period. Camelot Portfolios LLC bought a new stake in shares of One Liberty Properties during the fourth quarter valued at approximately $51,000. Finally, Russell Investments Group Ltd. boosted its position in shares of One Liberty Properties by 607.7% during the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,291 shares in the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties Stock Performance

The company has a market capitalization of $551.37 million, a PE ratio of 19.90 and a beta of 0.88. The company has a 50 day moving average of $24.10 and a two-hundred day moving average of $22.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95.

One Liberty Properties (NYSE:OLPGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.26 by $0.22. The business had revenue of $28.29 million during the quarter, compared to analyst estimates of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. As a group, equities research analysts predict that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.1%. One Liberty Properties’s payout ratio is presently 141.73%.

One Liberty Properties Company Profile

(Get Free Report)

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.

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