One Liberty Properties (NYSE:OLP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a research note issued to investors on Friday.

Separately, B. Riley lifted their price objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th.

One Liberty Properties Stock Performance

Shares of OLP opened at $29.18 on Friday. The firm has a 50-day moving average of $27.39 and a 200-day moving average of $25.45. One Liberty Properties has a one year low of $18.57 and a one year high of $29.31. The company has a market cap of $624.16 million, a PE ratio of 18.01, a price-to-earnings-growth ratio of 3.44 and a beta of 1.36. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.98.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The company had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. As a group, equities analysts forecast that One Liberty Properties will post 1.68 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s payout ratio is 111.11%.

Insider Transactions at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the transaction, the executive vice president now owns 39,249 shares in the company, valued at approximately $1,045,200.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 25.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Future Financial Wealth Managment LLC bought a new stake in shares of One Liberty Properties in the 3rd quarter worth $83,000. SG Americas Securities LLC bought a new stake in shares of One Liberty Properties in the 3rd quarter worth $160,000. BNP Paribas Financial Markets grew 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 worth $175,000 after acquiring an additional 3,157 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of One Liberty Properties in the 1st quarter worth $219,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of 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 acquiring an additional 580 shares in 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.