One Liberty Properties (NYSE:OLP) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research lowered shares of One Liberty Properties (NYSE:OLP) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of One Liberty Properties in a research note on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.50.

One Liberty Properties Stock Up 0.1%

Shares of NYSE:OLP opened at $22.19 on Monday. The company has a 50 day moving average of $23.30 and a 200-day moving average of $23.58. The stock has a market cap of $485.96 million, a price-to-earnings ratio of 13.96 and a beta of 0.88. One Liberty Properties has a one year low of $19.62 and a one year high of $25.88. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.62 and a quick ratio of 1.62.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. The business had revenue of $27.00 million for the quarter, compared to the consensus estimate of $26.78 million. On average, sell-side analysts forecast that One Liberty Properties will post 1.74 earnings per share for the current year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, September 28th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Monday, September 28th. One Liberty Properties’s dividend payout ratio is presently 113.21%.

Insider Activity

In other One Liberty Properties news, EVP Justin Clair sold 4,500 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $24.06, for a total value of $108,270.00. Following the sale, the executive vice president owned 34,153 shares of the company’s stock, valued at approximately $821,721.18. This trade represents a 11.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 26.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OLP. Allworth Financial LP bought a new position in One Liberty Properties during the second quarter worth $35,000. New York State Teachers Retirement System bought a new stake in One Liberty Properties in the first quarter valued at $36,000. Legal & General Group Plc bought a new stake in shares of One Liberty Properties during the second quarter valued at approximately $41,000. GAMMA Investing LLC raised its holdings in shares of One Liberty Properties by 28.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,052 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 675 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in One Liberty Properties by 29.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 3,219 shares during the last quarter. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net leases, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has historically included industrial, retail, office, restaurant and other commercial properties leased to businesses across a range of industries.