One Liberty Properties (NYSE:OLP) Upgraded at StockNews.com

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

One Liberty Properties Stock Performance

NYSE OLP opened at $26.56 on Friday. One Liberty Properties has a 1-year low of $21.11 and a 1-year high of $30.45. The company has a 50 day moving average of $26.02 and a 200-day moving average of $27.18. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. The firm has a market cap of $573.29 million, a price-to-earnings ratio of 16.39, a PEG ratio of 3.02 and a beta of 1.38.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.78%. The ex-dividend date of this dividend is Thursday, March 27th. One Liberty Properties’s dividend payout ratio is currently 128.57%.

Institutional Trading of One Liberty Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in One Liberty Properties by 215.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,098 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of One Liberty Properties by 24.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 388 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of One Liberty Properties during the fourth quarter valued at approximately $100,000. Lazard Asset Management LLC increased its holdings in shares of One Liberty Properties by 934.8% in the fourth quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 4,917 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of One Liberty Properties in the fourth quarter valued at approximately $164,000. 36.24% of the stock is currently owned by institutional investors and hedge funds.

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.