One Liberty Properties (NYSE:OLP) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Separately, B. Riley boosted their target price on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th.

One Liberty Properties Trading Down 1.3 %

Shares of NYSE OLP opened at $28.48 on Wednesday. One Liberty Properties has a 1-year low of $19.25 and a 1-year high of $29.79. The business has a fifty day moving average price of $27.63 and a 200 day moving average price of $25.70. The stock has a market capitalization of $609.19 million, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 3.43 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.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.18). One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The firm had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. Equities research analysts expect that One Liberty Properties will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.80 annualized dividend and a yield of 6.32%. One Liberty Properties’s payout ratio is presently 111.11%.

Insider Transactions at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of the company’s 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 of the company’s stock, valued at $1,045,200.87. This represents a 7.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 25.40% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of One Liberty Properties by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 580 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in One Liberty Properties by 68.8% during the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 3,157 shares in the last quarter. Asset Management One Co. Ltd. grew its position in One Liberty Properties by 7.3% during the third quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock valued at $628,000 after buying an additional 1,561 shares during the period. SG Americas Securities LLC purchased a new position in One Liberty Properties in the third quarter valued at $160,000. Finally, Bank of New York Mellon Corp raised its position in shares of One Liberty Properties by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after acquiring an additional 6,868 shares during the period. 36.24% of the stock is owned by institutional investors and hedge funds.

About One Liberty Properties

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.