One Liberty Properties (NYSE:OLP) PT Raised to $29.00

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One Liberty Properties (NYSE:OLP) had its price target increased by B. Riley from $27.00 to $29.00 in a report published on Wednesday, The Fly reports. B. Riley currently has a neutral rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on OLP. Zacks Investment Research lowered shares of Home Bancshares from a hold rating to a sell rating in a research note on Friday, June 7th. TheStreet upgraded shares of TELUS from a c+ rating to a b- rating in a research note on Thursday, April 4th. Finally, ValuEngine lowered shares of Xylem from a buy rating to a hold rating in a research note on Tuesday, May 14th.

Shares of OLP stock opened at $27.86 on Wednesday. The business’s 50 day moving average is $29.65. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.66 and a current ratio of 1.66. One Liberty Properties has a 12-month low of $23.02 and a 12-month high of $31.78. The stock has a market cap of $553.54 million, a price-to-earnings ratio of 13.08, a P/E/G ratio of 2.40 and a beta of 0.74.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.80 dividend on an annualized basis and a yield of 6.46%. One Liberty Properties’s dividend payout ratio is 84.51%.

In related news, insider Lawrence Ricketts sold 4,189 shares of One Liberty Properties stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $29.37, for a total value of $123,030.93. Following the completion of the transaction, the insider now directly owns 124,835 shares in the company, valued at approximately $3,666,403.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 21.90% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in OLP. Nisa Investment Advisors LLC grew its stake in One Liberty Properties by 306.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,465 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,105 shares in the last quarter. Advisory Services Network LLC purchased a new position in One Liberty Properties in the 4th quarter valued at approximately $51,000. Legal & General Group Plc grew its stake in One Liberty Properties by 22.1% in the 4th quarter. Legal & General Group Plc now owns 2,788 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 505 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of One Liberty Properties by 15.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,639 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 499 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of One Liberty Properties by 445.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,077 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 2,513 shares in the last quarter. Institutional investors and hedge funds own 40.56% of the company’s stock.

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, 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.

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