One Liberty Properties (NYSE:OLP) Reaches New 12-Month High – Time to Buy?

One Liberty Properties, Inc. (NYSE:OLP) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $25.00 and last traded at $24.91, with a volume of 5028 shares traded. The stock had previously closed at $24.82.

Analysts Set New Price Targets

Several brokerages recently commented on OLP. B. Riley Financial increased their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of One Liberty Properties in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $28.50.

One Liberty Properties Trading Up 1.4%

The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. The stock’s 50-day moving average is $23.64 and its two-hundred day moving average is $22.58. The company has a market cap of $549.21 million, a P/E ratio of 19.82 and a beta of 0.88.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.22. The business had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. As a group, equities research analysts predict that One Liberty Properties, Inc. will post 1.73 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 7.2%. One Liberty Properties’s payout ratio is presently 141.73%.

Insiders Place Their Bets

In other One Liberty Properties news, COO Lawrence Ricketts sold 6,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the sale, the chief operating officer directly owned 165,522 shares in the company, valued at $4,055,289. The trade was a 3.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Justin Clair sold 2,676 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the transaction, the executive vice president directly owned 33,074 shares in the company, valued at approximately $772,608.64. The trade was a 7.49% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 14,676 shares of company stock valued at $348,794. 25.80% of the stock is owned by company insiders.

Institutional Trading of One Liberty Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in One Liberty Properties by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock worth $38,581,000 after acquiring an additional 8,772 shares during the period. Geode Capital Management LLC grew its position in shares of One Liberty Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after acquiring an additional 12,519 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of One Liberty Properties by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after purchasing an additional 1,246 shares in the last quarter. Quantinno Capital Management LP raised its holdings in One Liberty Properties by 31.3% in the 1st quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock worth $2,067,000 after purchasing an additional 22,961 shares during the period. Finally, Wells Fargo & Company MN lifted its position in One Liberty Properties by 19.3% during the fourth quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock valued at $1,660,000 after purchasing an additional 13,259 shares in the last quarter. 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.