One Liberty Properties (NYSE:OLP) Sets New 12-Month High – Here’s What Happened

One Liberty Properties, Inc. (NYSE:OLP)’s share price hit a new 52-week high on Wednesday . The company traded as high as $29.00 and last traded at $28.83, with a volume of 7080 shares changing hands. The stock had previously closed at $27.54.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com lowered One Liberty Properties from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 3rd. B. Riley raised their price objective on 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 4.6 %

The stock has a market cap of $615.02 million, a PE ratio of 18.26, a PEG ratio of 3.19 and a beta of 1.36. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a fifty day moving average price of $27.22 and a 200 day moving average price of $25.28.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $21.80 million during the quarter, compared to analysts’ expectations of $22.37 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. Equities analysts expect that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

One Liberty Properties Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio (DPR) is 119.21%.

Insider Transactions at One Liberty Properties

In related news, EVP Justin Clair sold 3,125 shares of the business’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 transaction, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On One Liberty Properties

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in One Liberty Properties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock valued at $39,912,000 after purchasing an additional 10,490 shares in the last quarter. Dimensional Fund Advisors LP raised its position in One Liberty Properties by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock valued at $5,713,000 after purchasing an additional 3,134 shares in the last quarter. Bank of New York Mellon Corp raised its position in One Liberty Properties by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock valued at $2,374,000 after purchasing an additional 6,868 shares in the last quarter. Rhumbline Advisers raised its position in 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 purchasing an additional 751 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in One Liberty Properties by 7.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 1,561 shares in the last quarter. 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.