One Liberty Properties (NYSE:OLP) Hits New 52-Week High – Time to Buy?

One Liberty Properties, Inc. (NYSE:OLP)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.31 and last traded at $28.95, with a volume of 13983 shares changing hands. The stock had previously closed at $29.18.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on OLP shares. B. Riley boosted their price objective on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. StockNews.com downgraded One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 8th.

One Liberty Properties Trading Down 1.1 %

The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. The stock has a market capitalization of $602.13 million, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 3.37 and a beta of 1.36. The stock has a 50-day moving average price of $27.46 and a two-hundred day moving average price of $25.51.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.18). The company had revenue of $22.21 million during the quarter, compared to analysts’ expectations of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. On average, research analysts forecast that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio is presently 111.11%.

Insider Activity at One Liberty Properties

In related news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total transaction of $83,218.75. Following the transaction, the executive vice president now owns 39,249 shares in the company, valued at approximately $1,045,200.87. The trade was a 7.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 25.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. Future Financial Wealth Managment LLC bought a new position in One Liberty Properties during the third quarter valued at approximately $83,000. SG Americas Securities LLC bought a new position in One Liberty Properties in the 3rd quarter worth about $160,000. BNP Paribas Financial Markets raised its position in One Liberty Properties by 80.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 2,801 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in One Liberty Properties in the first quarter worth about $219,000. Finally, Creative Planning raised its stake in One Liberty Properties by 4.3% in the third quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 411 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors.

One Liberty Properties Company Profile

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.