One Liberty Properties (NYSE:OLP) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other equities research analysts have also recently weighed in on the company. B. Riley Financial restated a “buy” rating and issued a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of One Liberty Properties in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.50.

One Liberty Properties Stock Up 0.8%

OLP stock opened at $22.97 on Friday. The company has a market cap of $501.02 million, a P/E ratio of 19.63, a P/E/G ratio of 2.66 and a beta of 0.95. One Liberty Properties has a 52 week low of $19.62 and a 52 week high of $27.03. The company’s 50-day moving average price is $22.28 and its 200 day moving average price is $21.59. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, March 27th. One Liberty Properties’s dividend payout ratio is 153.85%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of One Liberty Properties by 1,440.5% during the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,138 shares during the last quarter. US Bancorp DE grew its holdings in One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in One Liberty Properties by 43.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 568 shares during the last quarter. GAMMA Investing LLC increased its position in One Liberty Properties by 241.7% during the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 1,380 shares in the last quarter. Finally, Camelot Portfolios LLC purchased a new position in One Liberty Properties during the fourth quarter worth $51,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.