One Liberty Properties (NYSE:OLP) Sets New 12-Month High at $24.53

One Liberty Properties, Inc. (NYSE:OLP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $24.53 and last traded at $24.53, with a volume of 16683 shares changing hands. The stock had previously closed at $24.21.

Analysts Set New Price Targets

OLP has been the topic of a number of research reports. StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. B. Riley raised their price target on One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

One Liberty Properties Price Performance

The company has a market capitalization of $512.11 million, a P/E ratio of 17.88, a P/E/G ratio of 2.85 and a beta of 1.37. The company’s 50-day simple moving average is $23.56 and its 200 day simple moving average is $22.31. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.36.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend was Tuesday, June 25th. One Liberty Properties’s payout ratio is 132.35%.

Insiders Place Their Bets

In other news, SVP Jeffrey Gould sold 9,000 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the transaction, the senior vice president now owns 387,813 shares of the company’s stock, valued at approximately $8,927,455.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Jeffrey Gould sold 9,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total transaction of $207,180.00. Following the completion of the sale, the senior vice president now directly owns 387,813 shares of the company’s stock, valued at approximately $8,927,455.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Justin Clair sold 3,800 shares of One Liberty Properties stock in a transaction on Monday, June 24th. The stock was sold at an average price of $24.27, for a total transaction of $92,226.00. Following the completion of the transaction, the executive vice president now owns 39,249 shares in the company, valued at approximately $952,573.23. The disclosure for this sale can be found here. Insiders sold 19,813 shares of company stock valued at $464,521 over the last quarter. Insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On One Liberty Properties

Large investors have recently made changes to their positions in the business. Fortis Group Advisors LLC grew its holdings in One Liberty Properties by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 634 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in One Liberty Properties during the first quarter worth $68,000. Tower Research Capital LLC TRC raised its stake in One Liberty Properties by 847.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,233 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 3,786 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in One Liberty Properties by 123.7% in the 4th quarter. Quadrant Capital Group LLC now owns 7,407 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 4,096 shares during the period. Finally, BNP Paribas Financial Markets grew its position in One Liberty Properties by 68.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 3,157 shares during the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

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.