One Liberty Properties (NYSE:OLP) Cut to Hold at StockNews.com

StockNews.com lowered shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a report published on Wednesday morning.

One Liberty Properties Stock Performance

OLP opened at $23.43 on Wednesday. The stock has a market cap of $505.78 million, a PE ratio of 14.46, a P/E/G ratio of 3.02 and a beta of 1.14. One Liberty Properties has a 1 year low of $22.32 and a 1 year high of $30.45. The stock’s 50 day simple moving average is $25.07 and its 200-day simple moving average is $26.46. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The company had revenue of $24.17 million during the quarter, compared to analysts’ expectations of $24.59 million. Sell-side analysts forecast that One Liberty Properties will post 1.68 EPS for the current year.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 7.68%. One Liberty Properties’s dividend payout ratio is currently 128.57%.

Insider Buying and Selling

In related news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $25.10, for a total transaction of $83,432.40. Following the completion of the transaction, the executive vice president now directly owns 35,750 shares of the company’s stock, valued at $897,325. This trade represents a 8.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.40% of the stock is owned by corporate insiders.

Institutional Trading of One Liberty Properties

Hedge funds have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of One Liberty Properties by 310.8% in the 3rd quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 18,616 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of One Liberty Properties by 24.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 1,415 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of One Liberty Properties in the fourth quarter valued at $499,000. Truist Financial Corp bought a new position in shares of One Liberty Properties in the fourth quarter valued at about $224,000. Finally, SG Americas Securities LLC lifted its position in One Liberty Properties by 10.9% during the 4th quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 632 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.