One Liberty Properties (NYSE:OLP) Stock Price Passes Above 200-Day Moving Average – Here’s Why

One Liberty Properties, Inc. (NYSE:OLP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.32 and traded as high as $24.47. One Liberty Properties shares last traded at $23.9620, with a volume of 103,818 shares traded.

Wall Street Analyst Weigh In

OLP has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. B. Riley Financial upped their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of One Liberty Properties in a report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, One Liberty Properties has an average rating of “Hold” and a consensus target price of $28.50.

One Liberty Properties Trading Up 0.3%

The stock has a fifty day simple moving average of $23.38 and a 200 day simple moving average of $22.34. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $524.79 million, a P/E ratio of 18.94 and a beta of 0.90.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The firm had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. On average, research analysts expect that One Liberty Properties, Inc. will post 1.73 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.5%. One Liberty Properties’s dividend payout ratio is currently 141.73%.

Insider Transactions at One Liberty Properties

In other news, COO Lawrence Ricketts sold 2,999 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $21.86, for a total transaction of $65,558.14. Following the sale, the chief operating officer owned 177,522 shares of the company’s stock, valued at $3,880,630.92. This trade represents a 1.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Justin Clair sold 2,676 shares of One Liberty Properties stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the sale, the executive vice president owned 33,074 shares of the company’s stock, valued at $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 13,175 shares of company stock worth $299,594. Insiders own 25.80% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Large investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its stake in One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of One Liberty Properties by 6.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 585 shares during the period. Legal & General Group Plc grew its holdings in shares of One Liberty Properties by 4.7% in the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after acquiring an additional 996 shares during the period. Dimensional Fund Advisors LP increased its position in One Liberty Properties by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock valued at $5,021,000 after acquiring an additional 1,246 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in One Liberty Properties by 241.7% during the fourth 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 during the last quarter. Institutional investors own 36.24% of the company’s stock.

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.