One Liberty Properties (NYSE:OLP) Hits New 52-Week High – Still a Buy?

Shares of One Liberty Properties, Inc. (NYSE:OLP) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $30.03 and last traded at $30.03, with a volume of 6741 shares. The stock had previously closed at $29.51.

Analyst Ratings Changes

A number of research firms recently issued reports on OLP. B. Riley increased their price target on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

One Liberty Properties Stock Up 2.4 %

The company has a market cap of $646.19 million, a P/E ratio of 18.22, a P/E/G ratio of 3.46 and a beta of 1.36. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48. The company’s 50-day moving average is $27.70 and its two-hundred day moving average is $25.86.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.18). The company had revenue of $22.21 million during the quarter, compared to analysts’ expectations of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. As a group, equities analysts predict that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio is presently 111.11%.

Insider Activity at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the sale, the executive vice president now directly owns 39,249 shares in the company, valued at approximately $1,045,200.87. The trade was a 7.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 25.40% of the stock is owned by corporate insiders.

Institutional Trading of One Liberty Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new stake in shares of One Liberty Properties in the 3rd quarter worth about $83,000. SG Americas Securities LLC purchased a new position in shares of One Liberty Properties during the 3rd quarter worth about $160,000. BNP Paribas Financial Markets boosted its stake in shares of One Liberty Properties by 80.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,801 shares during the period. HighTower Advisors LLC purchased a new stake in One Liberty Properties in the 3rd quarter valued at about $201,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in One Liberty Properties in the 1st quarter valued at about $219,000. 36.24% of the stock is currently owned by institutional investors.

One Liberty Properties Company Profile

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.