One Liberty Properties (NYSE:OLP) Cut to Hold at StockNews.com

StockNews.com downgraded shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a research note published on Friday.

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

One Liberty Properties Trading Up 1.7 %

Shares of One Liberty Properties stock opened at $28.91 on Friday. One Liberty Properties has a 12-month low of $18.40 and a 12-month high of $29.11. The firm’s 50 day simple moving average is $27.34 and its two-hundred day simple moving average is $25.40. The company has a current ratio of 2.48, a quick ratio of 2.98 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $618.38 million, a price-to-earnings ratio of 17.85, a PEG ratio of 3.44 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $21.89 million. Analysts predict that One Liberty Properties will post 1.68 EPS for the current year.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.80 annualized dividend and a dividend yield of 6.23%. One Liberty Properties’s dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the transaction, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently modified their holdings of OLP. Future Financial Wealth Managment LLC acquired a new stake in One Liberty Properties in the third quarter valued at approximately $83,000. SG Americas Securities LLC acquired a new stake in One Liberty Properties in the 3rd quarter valued at $160,000. BNP Paribas Financial Markets increased its holdings 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 acquiring an additional 3,157 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in One Liberty Properties during the first quarter worth $219,000. Finally, Creative Planning grew its position in shares of One Liberty Properties by 4.3% in the third quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 411 shares during the period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

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.