One Liberty Properties (NYSE:OLP) Reaches New 1-Year High After Analyst Upgrade

One Liberty Properties, Inc. (NYSE:OLP) reached a new 52-week high during trading on Thursday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $25.60 and last traded at $25.4550, with a volume of 53841 shares traded. The stock had previously closed at $24.46.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, B. Riley Financial boosted their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.50.

Insider Activity

In other One Liberty Properties news, EVP Justin Clair sold 2,676 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the transaction, the executive vice president directly owned 33,074 shares of the company’s stock, valued at approximately $772,608.64. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Lawrence Ricketts sold 6,000 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the sale, the chief operating officer owned 165,522 shares of the company’s stock, valued at approximately $4,055,289. This represents a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,676 shares of company stock worth $348,794 over the last three months. Insiders own 25.80% of the company’s stock.

Institutional Trading of One Liberty Properties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in shares of One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 490 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of One Liberty Properties in the 1st quarter worth $36,000. GAMMA Investing LLC lifted its position in One Liberty Properties by 241.7% during the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,380 shares in the last quarter. Camelot Portfolios LLC bought a new stake in One Liberty Properties during the fourth quarter valued at about $51,000. Finally, Russell Investments Group Ltd. increased its position in One Liberty Properties by 607.7% in the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 2,291 shares in the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Stock Performance

The business has a 50-day simple moving average of $24.10 and a 200 day simple moving average of $22.93. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $551.37 million, a PE ratio of 19.90 and a beta of 0.88.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.22. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Equities research analysts forecast that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 7.1%. One Liberty Properties’s dividend payout ratio (DPR) is currently 141.73%.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.