One Liberty Properties (NYSE:OLP) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

One Liberty Properties, Inc. (NYSE:OLP) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.08 and traded as high as $23.74. One Liberty Properties shares last traded at $23.6850, with a volume of 43,071 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently issued reports on OLP. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. B. Riley Financial reiterated a “buy” rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.50.

One Liberty Properties Stock Performance

The firm has a 50 day moving average of $22.93 and a two-hundred day moving average of $22.09. The stock has a market cap of $525.99 million, a PE ratio of 18.98 and a beta of 0.90. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.22. The firm had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Research analysts predict that One Liberty Properties, Inc. will post 1.71 EPS for the current fiscal year.

Insider Activity at One Liberty Properties

In related news, EVP Justin Clair sold 2,676 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the sale, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lawrence Ricketts sold 2,999 shares of One Liberty Properties stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $21.86, for a total value of $65,558.14. Following the transaction, the chief operating officer directly owned 177,522 shares in the company, valued at approximately $3,880,630.92. This trade represents a 1.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 17,167 shares of company stock valued at $392,614. 25.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its position in One Liberty Properties by 62.7% during the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 585 shares during the period. Legal & General Group Plc increased its position in One Liberty Properties by 4.7% during the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 996 shares during the period. Dimensional Fund Advisors LP increased its position in One Liberty Properties by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after buying an additional 1,246 shares during the period. Finally, GAMMA Investing LLC increased 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 worth $40,000 after buying an additional 1,380 shares during the period. Institutional investors and hedge funds own 36.24% of the company’s stock.

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.