One Liberty Properties (NYSE:OLP) Shares Pass Above 200 Day Moving Average - Here's What Happened

Key Points

• One Liberty shares passed above its 200-day moving average
• The company pays a quarterly dividend of $0.45 ($1.80 annualized) for a 7.9% yield; however, the payout ratio is 153.85%, suggesting the dividend may not be sustainably covered by earnings.
• Analyst coverage is mixed with an average Hold rating (one Buy from B. Riley with a $27.50 target and one Sell), while insiders own 25.4% of shares, institutions own ~36.2%, and the COO recently sold 2,999 shares.

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.48 and traded as high as $22.75. One Liberty Properties shares last traded at $22.6850, with a volume of 77,591 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OLP. Wall Street Zen raised One Liberty Properties from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Weiss Ratings restated a "sell (e)" rating on shares of One Liberty Properties in a research note on Monday, December 29th. Finally, B. Riley Financial reaffirmed a "buy" rating and set a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, One Liberty Properties presently has an average rating of "Hold" and an average target price of $27.50.

One Liberty Properties Stock Performance

The stock's 50 day moving average price is $22.73 and its 200 day moving average price is $21.48. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $494.76 million, a price-to-earnings ratio of 19.39 and a beta of 0.96.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 7.9%. One Liberty Properties's payout ratio is 153.85%.

Insider Activity

In other news, COO Lawrence Ricketts sold 2,999 shares of the 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 completion of the sale, the chief operating officer owned 177,522 shares of the company's stock, valued at approximately $3,880,630.92. This represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 14,491 shares of company stock worth $330,103. Corporate insiders own 25.40% of the company's stock.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in OLP. US Bancorp DE grew its position in shares of One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 490 shares during the period. GAMMA Investing LLC increased its stake in shares of One Liberty Properties by 241.7% during the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,380 shares during the last quarter. Camelot Portfolios LLC bought a new stake in shares of One Liberty Properties in the 4th quarter valued at about $51,000. Versant Capital Management Inc lifted its stake in One Liberty Properties by 635.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,627 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 2,270 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in One Liberty Properties by 607.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 2,291 shares during the last quarter. 36.24% of the stock is owned by institutional investors.

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.

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