One Liberty Properties (NYSE:OLP) Sees Strong Trading Volume

Shares of One Liberty Properties, Inc. (NYSE:OLPGet Free Report) saw an uptick in trading volume on Friday . 30,386 shares were traded during mid-day trading, a decline of 41% from the previous session’s volume of 51,418 shares.The stock last traded at $24.19 and had previously closed at $23.91.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. B. Riley raised their target price on shares of One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th.

Read Our Latest Stock Analysis on OLP

One Liberty Properties Trading Up 0.2 %

The business’s 50 day moving average price is $23.24 and its 200-day moving average price is $22.18. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.36. The company has a market cap of $504.84 million, a price-to-earnings ratio of 17.55, a PEG ratio of 2.84 and a beta of 1.35.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Tuesday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is 132.35%.

Insiders Place Their Bets

In other One Liberty Properties news, COO Justin Clair sold 1,200 shares of One Liberty Properties stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $24.00, for a total value of $28,800.00. Following the completion of the sale, the chief operating officer now owns 43,049 shares in the company, valued at approximately $1,033,176. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

Hedge funds and other institutional investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in One Liberty Properties by 41.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock worth $2,286,000 after purchasing an additional 30,470 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of One Liberty Properties by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 23,574 shares of the real estate investment trust’s stock valued at $434,000 after buying an additional 2,968 shares in the last quarter. SG Americas Securities LLC raised its position in shares of One Liberty Properties by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $201,000 after buying an additional 1,930 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of One Liberty Properties by 123.7% in the 4th quarter. Quadrant Capital Group LLC now owns 7,407 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 4,096 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of One Liberty Properties by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock valued at $33,406,000 after buying an additional 7,431 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Company Profile

(Get Free Report)

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.

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