One Liberty Properties (NYSE:OLP) Rating Increased to Hold at Wall Street Zen

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

Several other brokerages have also recently issued reports on OLP. B. Riley Financial reaffirmed a “buy” rating and issued a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. Weiss Ratings restated 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.50.

One Liberty Properties Price Performance

Shares of NYSE:OLP opened at $22.08 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a fifty day moving average price of $22.57 and a 200 day moving average price of $21.49. One Liberty Properties has a fifty-two week low of $19.62 and a fifty-two week high of $26.40. The firm has a market cap of $481.46 million, a price-to-earnings ratio of 18.87 and a beta of 0.96.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, March 27th. One Liberty Properties’s dividend payout ratio (DPR) is presently 153.85%.

Insider Buying and Selling at One Liberty Properties

In other news, COO Lawrence Ricketts sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $23.58, for a total value of $47,160.00. Following the sale, the chief operating officer directly owned 181,021 shares in the company, valued at $4,268,475.18. The trade was a 1.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 11,492 shares of company stock valued at $264,545. Insiders own 25.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC bought a new stake in One Liberty Properties during the fourth quarter worth approximately $411,000. Mackenzie Financial Corp bought a new stake in shares of One Liberty Properties in the 4th quarter valued at approximately $300,000. Millennium Management LLC bought a new stake in shares of One Liberty Properties in the 4th quarter valued at approximately $656,000. Guggenheim Capital LLC boosted its holdings in shares of One Liberty Properties by 10.9% in the 4th quarter. Guggenheim Capital LLC now owns 18,027 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 1,767 shares during the period. Finally, AQR Capital Management LLC purchased a new position in shares of One Liberty Properties in the 4th quarter worth approximately $235,000. Institutional investors own 36.24% of the company’s stock.

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.