One Liberty Properties (NYSE:OLP) Lowered to “Hold” Rating by StockNews.com

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

One Liberty Properties Price Performance

One Liberty Properties stock opened at $27.44 on Friday. The business’s 50 day simple moving average is $26.07 and its 200 day simple moving average is $27.16. One Liberty Properties has a 12 month low of $21.11 and a 12 month high of $30.45. The company has a market cap of $586.90 million, a price-to-earnings ratio of 16.94, a PEG ratio of 3.02 and a beta of 1.38. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, March 27th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Thursday, March 27th. One Liberty Properties’s dividend payout ratio (DPR) is currently 128.57%.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors have recently added to or reduced their stakes in OLP. Tower Research Capital LLC TRC increased its stake in shares of One Liberty Properties by 215.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,098 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in One Liberty Properties by 24.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 388 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in One Liberty Properties during the 4th quarter valued at $100,000. Lazard Asset Management LLC lifted its position in shares of One Liberty Properties by 934.8% during the fourth quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 4,917 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of One Liberty Properties in the fourth quarter worth $164,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.