One Liberty Properties, Inc. (NYSE:OLP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.63 and traded as high as $22.87. One Liberty Properties shares last traded at $22.7620, with a volume of 48,909 shares traded.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. B. Riley Financial restated a "buy" rating and set a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. Wall Street Zen upgraded One Liberty Properties from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $27.50.
Get Our Latest Stock Report on One Liberty Properties
One Liberty Properties Price Performance
The company has a fifty day simple moving average of $22.83 and a two-hundred day simple moving average of $21.63. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market capitalization of $496.44 million, a price-to-earnings ratio of 19.45 and a beta of 0.90.
One Liberty Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Friday, March 27th. One Liberty Properties's dividend payout ratio is presently 153.85%.
Insider Activity at One Liberty Properties
In other news, COO Lawrence Ricketts sold 2,999 shares of the company's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $21.86, for a total transaction of $65,558.14. Following the completion of the sale, the chief operating officer directly owned 177,522 shares in the company, valued at $3,880,630.92. This represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, 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
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of One Liberty Properties by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust's stock worth $38,581,000 after buying an additional 8,772 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of One Liberty Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust's stock worth $9,840,000 after buying an additional 12,519 shares during the last quarter. Wells Fargo & Company MN boosted its position in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust's stock worth $1,660,000 after purchasing an additional 13,259 shares during the period. JPMorgan Chase & Co. boosted its position in One Liberty Properties by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,452 shares of the real estate investment trust's stock worth $1,757,000 after purchasing an additional 15,184 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in One Liberty Properties by 16.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 77,908 shares of the real estate investment trust's stock worth $1,581,000 after purchasing an additional 10,927 shares during the period. 36.24% of the stock is currently owned by institutional investors and hedge funds.
About One Liberty Properties
(
Get Free Report)
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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