One Liberty Properties (NYSE:OLP) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• One Liberty Properties (OLP) traded as high as $23.42 and last at $23.05, moving above its 200-day moving average of $21.57.
• The company paid a $0.45 quarterly dividend (annualized $1.80) for a 7.8% dividend yield, but the dividend payout ratio is an elevated 153.85%, indicating potential sustainability risk.
• Analysts are mixed: MarketBeat's consensus is a Hold with a $27.50 price target while B. Riley rates it a buy; meanwhile the COO recently sold 5,000 shares, insiders own 25.4% and institutions hold 36.24% of the stock.

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.57 and traded as high as $23.42. One Liberty Properties shares last traded at $23.05, with a volume of 45,267 shares.

Analysts Set New Price Targets

OLP has been the topic of several research reports. Weiss Ratings reiterated a "sell (e)" rating on shares of One Liberty Properties in a research report on Monday, December 29th. Wall Street Zen upgraded shares of One Liberty Properties from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. Finally, B. Riley Financial reiterated a "buy" rating and issued 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 issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $27.50.

One Liberty Properties Stock Performance

The firm's fifty day simple moving average is $22.84 and its 200 day simple moving average is $21.57. The company has a market capitalization of $502.72 million, a price-to-earnings ratio of 19.70 and a beta of 0.96. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.97.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Friday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is presently 153.85%.

Insider Activity at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of the firm's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $22.64, for a total value of $113,200.00. Following the completion of the transaction, the chief operating officer directly owned 183,021 shares in the company, valued at $4,143,595.44. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 14,491 shares of company stock valued at $330,103 in the last ninety days. Company insiders own 25.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OLP. US Bancorp DE boosted its holdings in shares of One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock worth $28,000 after buying an additional 490 shares during the period. New York State Teachers Retirement System acquired a new position in shares of One Liberty Properties in the first quarter worth about $36,000. GAMMA Investing LLC grew its stake in 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 valued at $40,000 after acquiring an additional 1,380 shares in the last quarter. Camelot Portfolios LLC purchased a new position in One Liberty Properties during the 4th quarter valued at about $51,000. Finally, Versant Capital Management Inc grew its stake in One Liberty Properties by 635.9% during 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 acquiring an additional 2,270 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors and hedge funds.

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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