One Liberty Properties (NYSE:OLP) Downgraded by StockNews.com

by · The Cerbat Gem

StockNews.com cut shares of One Liberty Properties (NYSE:OLP – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday.

Separately, B. Riley boosted their price target on One Liberty Properties from $26.00 to $28.00 and gave the company a buy rating in a research note on Tuesday, August 13th.

View Our Latest Report on OLP

One Liberty Properties Stock Performance

OLP stock opened at $26.98 on Thursday. The stock has a market cap of $575.75 million, a P/E ratio of 19.84, a P/E/G ratio of 3.24 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. The firm has a 50 day simple moving average of $26.54 and a 200 day simple moving average of $24.52. One Liberty Properties has a 52 week low of $17.69 and a 52 week high of $28.80.

One Liberty Properties (NYSE:OLP – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $21.80 million for the quarter, compared to the consensus estimate of $22.37 million. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. Research analysts anticipate that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s payout ratio is 132.35%.

Insider Buying and Selling at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the transaction, the executive vice president now owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other One Liberty Properties news, COO Lawrence Ricketts sold 4,756 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $24.14, for a total transaction of $114,809.84. Following the completion of the sale, the chief operating officer now directly owns 187,345 shares in the company, valued at $4,522,508.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Justin Clair sold 3,125 shares of One Liberty Properties 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,914 shares of company stock worth $409,852 over the last three months. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. Fortis Group Advisors LLC grew its stake in shares of One Liberty Properties by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 634 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of One Liberty Properties during the 1st quarter worth about $68,000. SG Americas Securities LLC acquired a new position in shares of One Liberty Properties during the third quarter valued at about $160,000. BNP Paribas Financial Markets lifted its stake in shares of 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 period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in One Liberty Properties during the first quarter worth about $219,000. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Company Profile

(Get Free Report)

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.

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