One Liberty Properties (NYSE:OLP) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Separately, B. Riley boosted their price objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th.

One Liberty Properties Trading Up 1.7 %

OLP traded up $0.47 during midday trading on Friday, reaching $28.91. 41,404 shares of the company were exchanged, compared to its average volume of 52,212. The stock’s 50-day simple moving average is $27.34 and its 200 day simple moving average is $25.37. One Liberty Properties has a one year low of $18.40 and a one year high of $29.11. The stock has a market capitalization of $616.94 million, a P/E ratio of 17.83, a PEG ratio of 3.43 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.

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 the consensus estimate of $0.41 by ($0.18). One Liberty Properties had a return on equity of 11.34% and a net margin of 38.96%. The firm had revenue of $22.21 million during the quarter, compared to analyst estimates of $21.89 million. As a group, analysts forecast that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.23%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s payout ratio is 111.11%.

Insider Buying and Selling at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning grew its position in shares of One Liberty Properties by 4.3% in the 3rd quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock valued at $272,000 after acquiring an additional 411 shares during the period. Price T Rowe Associates Inc. MD increased its position in One Liberty Properties by 5.5% during 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 buying an additional 580 shares during the last quarter. Rhumbline Advisers grew its stake in One Liberty Properties by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 751 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in One Liberty Properties by 7.3% in 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 acquiring an additional 1,561 shares during the period. Finally, Future Financial Wealth Managment LLC acquired a new stake in One Liberty Properties during the 3rd quarter worth approximately $83,000. 36.24% of the stock is owned by 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.