One Liberty Properties (NYSE:OLP) Hits New 12-Month High at $26.56

Shares of One Liberty Properties, Inc. (NYSE:OLP) reached a new 52-week high during trading on Wednesday . The company traded as high as $26.56 and last traded at $26.40, with a volume of 5386 shares. The stock had previously closed at $26.31.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OLP. StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. B. Riley increased their price objective on shares of One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

One Liberty Properties Stock Down 0.7 %

The firm’s 50 day simple moving average is $23.84 and its 200 day simple moving average is $22.49. The company has a market cap of $550.35 million, a price-to-earnings ratio of 19.59, a price-to-earnings-growth ratio of 3.11 and a beta of 1.37. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.36.

One Liberty Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were paid a $0.45 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 6.89%. One Liberty Properties’s payout ratio is currently 132.35%.

Insider Activity

In other news, SVP Jeffrey Gould sold 9,000 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total value of $207,180.00. Following the completion of the transaction, the senior vice president now directly owns 387,813 shares in the company, valued at $8,927,455.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Justin Clair sold 3,800 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $24.27, for a total transaction of $92,226.00. Following the completion of the sale, the executive vice president now directly owns 39,249 shares in the company, valued at $952,573.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jeffrey Gould sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the sale, the senior vice president now owns 387,813 shares of the company’s stock, valued at $8,927,455.26. The disclosure for this sale can be found here. Insiders sold 27,789 shares of company stock worth $654,840 over the last three months. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

A number of large investors have recently added to or reduced their stakes in OLP. Price T Rowe Associates Inc. MD boosted its stake in One Liberty Properties by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 580 shares during the period. Vanguard Group Inc. boosted its stake in One Liberty Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock worth $39,912,000 after purchasing an additional 10,490 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in One Liberty Properties in the 1st quarter worth approximately $219,000. BNP Paribas Financial Markets boosted its stake in 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 worth $175,000 after purchasing an additional 3,157 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new position in One Liberty Properties in the 1st quarter worth approximately $68,000. 36.24% of the stock is currently owned by institutional investors.

About One Liberty Properties

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.