StockNews.com Upgrades One Liberty Properties (NYSE:OLP) to Buy

StockNews.com upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a buy rating in a research report report published on Wednesday morning.

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

One Liberty Properties Stock Performance

One Liberty Properties stock opened at $28.78 on Wednesday. The stock’s 50 day moving average is $27.65 and its 200 day moving average is $25.72. The company has a market capitalization of $615.60 million, a P/E ratio of 17.77, a PEG ratio of 3.40 and a beta of 1.36. One Liberty Properties has a twelve month low of $19.25 and a twelve month high of $29.79. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.18). The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. On average, equities research analysts predict that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.25%. 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 One Liberty Properties 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 completion of the sale, the executive vice president now directly owns 39,249 shares in the company, valued at $1,045,200.87. The trade was a 7.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 25.40% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in OLP. BNP Paribas Financial Markets boosted 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 buying an additional 3,157 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in One Liberty Properties in the first quarter valued at about $219,000. Vanguard Group Inc. boosted its position in One Liberty Properties by 0.6% in the first 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 last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of One Liberty Properties by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 580 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of One Liberty Properties by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock valued at $2,374,000 after purchasing an additional 6,868 shares during the last quarter. Hedge funds and other institutional investors 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.