One Liberty Properties (NYSE:OLP) Hits New 52-Week High at $26.28

One Liberty Properties, Inc. (NYSE:OLP) shares hit a new 52-week high on Thursday . The company traded as high as $26.28 and last traded at $26.14, with a volume of 11668 shares. The stock had previously closed at $26.02.

Analyst Upgrades and Downgrades

OLP has been the topic of several recent analyst reports. StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. B. Riley boosted their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, April 15th.

One Liberty Properties Trading Down 0.5 %

The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.36. The firm has a market cap of $545.50 million, a price-to-earnings ratio of 19.14, a PEG ratio of 3.01 and a beta of 1.37. The company has a 50-day moving average price of $23.69 and a 200 day moving average price of $22.38.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 6.95%. One Liberty Properties’s payout ratio is presently 132.35%.

Insider Buying and Selling at One Liberty Properties

In other news, EVP Justin Clair sold 3,800 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $24.27, for a total value of $92,226.00. Following the completion of the sale, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at $952,573.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Lawrence Ricketts sold 4,756 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $24.14, for a total transaction of $114,809.84. Following the completion of the sale, the chief operating officer now directly owns 187,345 shares in the company, valued at $4,522,508.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Justin Clair sold 3,800 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $24.27, for a total value of $92,226.00. Following the sale, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at $952,573.23. The disclosure for this sale can be found here. Insiders have sold a total of 27,789 shares of company stock valued at $654,840 in the last 90 days. 25.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds have recently added to or reduced their stakes in the company. Fortis Group Advisors LLC raised its position in One Liberty Properties by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 634 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of One Liberty Properties during the 1st quarter worth $68,000. Tower Research Capital LLC TRC raised its holdings in shares of One Liberty Properties by 847.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,233 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 3,786 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of One Liberty Properties by 123.7% during the 4th quarter. Quadrant Capital Group LLC now owns 7,407 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 4,096 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of One Liberty Properties by 68.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 3,157 shares during the last quarter. Institutional investors and hedge funds own 36.24% 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 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.