One Liberty Properties (NYSE:OLP) Rating Lowered 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 research note issued to investors on Wednesday morning.

One Liberty Properties Stock Up 0.8 %

NYSE:OLP opened at $23.43 on Wednesday. The stock’s fifty day simple moving average is $25.07 and its 200-day simple moving average is $26.46. The firm has a market capitalization of $505.78 million, a P/E ratio of 14.46, a P/E/G ratio of 3.02 and a beta of 1.14. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties has a 12-month low of $22.32 and a 12-month high of $30.45.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $24.17 million during the quarter, compared to analyst estimates of $24.59 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. Equities research analysts expect that One Liberty Properties will post 1.68 earnings per share for the current year.

One Liberty Properties Announces Dividend

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

Insider Activity at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 3,324 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $25.10, for a total value 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 approximately $897,325. The trade was a 8.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in One Liberty Properties by 87.2% during the 4th quarter. JPMorgan Chase & Co. now owns 64,840 shares of the real estate investment trust’s stock worth $1,766,000 after buying an additional 30,204 shares during the period. Northern Trust Corp raised its holdings in shares of One Liberty Properties by 9.8% during the fourth quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust’s stock worth $8,476,000 after acquiring an additional 27,746 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of One Liberty Properties during the fourth quarter worth $713,000. GAMMA Investing LLC lifted its position in One Liberty Properties by 3,024.2% in the 1st quarter. GAMMA Investing LLC now owns 24,431 shares of the real estate investment trust’s stock valued at $642,000 after acquiring an additional 23,649 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in One Liberty Properties in the 4th quarter worth $558,000. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

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.