One Liberty Properties (NYSE:OLP) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

One Liberty Properties, Inc. (NYSE:OLP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.87 and traded as high as $24.99. One Liberty Properties shares last traded at $24.5250, with a volume of 82,445 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on OLP shares. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. B. Riley Financial upped their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, One Liberty Properties has an average rating of “Moderate Buy” and a consensus target price of $28.50.

One Liberty Properties Trading Down 0.7%

The stock has a market cap of $551.37 million, a price-to-earnings ratio of 19.90 and a beta of 0.88. 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 company’s fifty day moving average price is $24.07 and its 200-day moving average price is $22.91.

One Liberty Properties (NYSE:OLP) last released 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 company had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. On average, research analysts expect that One Liberty Properties, Inc. will post 1.73 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.1%. One Liberty Properties’s payout ratio is 141.73%.

Insider Buying and Selling at One Liberty Properties

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. US Bancorp DE raised its stake in shares of One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 490 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in One Liberty Properties in the first quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position in One Liberty Properties by 241.7% in the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,380 shares during the last quarter. Camelot Portfolios LLC acquired a new position in One Liberty Properties in the 4th quarter worth approximately $51,000. Finally, Russell Investments Group Ltd. increased its holdings in One Liberty Properties by 607.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 2,291 shares during the period. 36.24% of the stock is owned by institutional investors and hedge funds.

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.