One Liberty Properties (NYSE:OLP) Sets New 1-Year High – Here’s What Happened

One Liberty Properties, Inc. (NYSE:OLP)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.31 and last traded at $28.95, with a volume of 13983 shares traded. The stock had previously closed at $29.18.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OLP shares. B. Riley increased their price objective on One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. StockNews.com downgraded One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Friday.

One Liberty Properties Price Performance

The firm has a market cap of $605.04 million, a P/E ratio of 18.01, a P/E/G ratio of 3.44 and a beta of 1.36. The company has a quick ratio of 2.98, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The business’s 50 day moving average is $27.39 and its two-hundred day moving average is $25.45.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The company had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million. As a group, analysts anticipate that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.36%. One Liberty Properties’s dividend payout ratio (DPR) is presently 111.11%.

Insider Buying and Selling

In other news, EVP Justin Clair sold 3,125 shares of the stock in a transaction dated Thursday, August 29th. The shares were 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 in the company, valued at approximately $1,045,200.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

A number of hedge funds have recently added to or reduced their stakes in OLP. Future Financial Wealth Managment LLC bought a new stake in shares of One Liberty Properties during the third quarter valued at approximately $83,000. SG Americas Securities LLC acquired a new stake in shares of One Liberty Properties during the third quarter worth $160,000. BNP Paribas Financial Markets boosted its position in One Liberty Properties by 68.8% in the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 3,157 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of One Liberty Properties in the first quarter worth about $219,000. Finally, Price T Rowe Associates Inc. MD raised its position 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 worth $251,000 after acquiring an additional 580 shares during the period. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties Company Profile

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.