One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.96 and traded as high as $27.63. One Liberty Properties shares last traded at $27.36, with a volume of 26,712 shares.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on OLP. StockNews.com cut shares of One Liberty Properties from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 3rd. B. Riley boosted their price objective on One Liberty Properties from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th.
Check Out Our Latest Stock Analysis on One Liberty Properties
One Liberty Properties Stock Down 2.0 %
The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $572.34 million, a PE ratio of 18.12, a P/E/G ratio of 3.27 and a beta of 1.36. The stock's fifty day simple moving average is $27.10 and its 200-day simple moving average is $24.96.
One Liberty Properties (NYSE:OLP - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. The business had revenue of $21.80 million for the quarter, compared to analysts' expectations of $22.37 million. As a group, sell-side analysts forecast that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.
One Liberty Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties's dividend payout ratio is presently 119.21%.
Insider Buying and Selling
In other news, EVP Justin Clair sold 3,125 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the completion of the sale, the executive vice president now directly owns 39,249 shares of the company's stock, valued at $1,045,200.87. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 25.40% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning raised its holdings in shares of One Liberty Properties by 4.3% in the 3rd quarter. Creative Planning now owns 9,894 shares of the real estate investment trust's stock worth $272,000 after purchasing an additional 411 shares during the period. Price T Rowe Associates Inc. MD raised 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 valued at $251,000 after buying an additional 580 shares during the period. Rhumbline Advisers lifted its position in shares of One Liberty Properties by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust's stock valued at $721,000 after buying an additional 751 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of One Liberty Properties during the 1st quarter worth $68,000. Finally, Dimensional Fund Advisors LP increased its holdings in One Liberty Properties by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust's stock worth $5,713,000 after acquiring an additional 3,134 shares during the last quarter. 36.24% of the stock is owned by institutional investors.
One Liberty Properties Company Profile
(
Get Free Report)
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.
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