One Liberty Properties (NYSE:OLP) Hits New 52-Week High at $23.76

One Liberty Properties, Inc. (NYSE:OLP) shares hit a new 52-week high during trading on Monday . The company traded as high as $23.76 and last traded at $23.76, with a volume of 101 shares changing hands. The stock had previously closed at $23.15.

Analysts Set New Price Targets

Several research analysts have weighed in on OLP shares. StockNews.com cut One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. B. Riley boosted their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, April 15th.

One Liberty Properties Price Performance

The firm has a market capitalization of $498.31 million, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.31. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.48 and a current ratio of 2.48. The business has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $21.23.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.45 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.80 dividend on an annualized basis and a yield of 7.68%. One Liberty Properties’s dividend payout ratio is presently 130.44%.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in One Liberty Properties by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock valued at $33,406,000 after purchasing an additional 7,431 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of One Liberty Properties by 41.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock valued at $2,286,000 after purchasing an additional 30,470 shares during the last quarter. Swiss National Bank raised its holdings in shares of One Liberty Properties by 3.0% during the 3rd quarter. Swiss National Bank now owns 37,552 shares of the real estate investment trust’s stock valued at $709,000 after buying an additional 1,100 shares in the last quarter. Penserra Capital Management LLC lifted its position in One Liberty Properties by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 23,574 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 2,968 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in One Liberty Properties by 54.7% in the third quarter. Panagora Asset Management Inc. now owns 21,667 shares of the real estate investment trust’s stock worth $409,000 after buying an additional 7,658 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.