One Liberty Properties (NYSE:OLP) Price Target Raised to $25.00

One Liberty Properties (NYSE:OLP - Free Report) had its price target increased by B. Riley from $24.00 to $25.00 in a research note released on Monday, Benzinga reports. They currently have a buy rating on the real estate investment trust's stock.

Separately, StockNews.com raised One Liberty Properties from a hold rating to a buy rating in a research report on Wednesday, April 10th.

One Liberty Properties Stock Down 2.0 %

One Liberty Properties stock traded down $0.43 during trading hours on Monday, hitting $21.60. The stock had a trading volume of 73,888 shares, compared to its average volume of 58,604. The stock's 50-day moving average price is $21.54 and its 200-day moving average price is $20.76. One Liberty Properties has a 12-month low of $17.55 and a 12-month high of $23.43. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $459.00 million, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders 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 dividend yield of 8.33%. One Liberty Properties's dividend payout ratio is presently 130.44%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. Lazard Asset Management LLC bought a new position in shares of One Liberty Properties during the 1st quarter valued at $29,000. Fortis Group Advisors LLC lifted its stake in shares of One Liberty Properties by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 634 shares during the period. New York State Teachers Retirement System purchased a new position in shares of One Liberty Properties in the third quarter worth approximately $27,000. Tower Research Capital LLC TRC grew its position in One Liberty Properties by 235.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 1,189 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in One Liberty Properties during the fourth quarter valued at approximately $45,000. Institutional investors own 36.24% of the company's stock.

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.