One Liberty Properties, Inc. (OLP) Receives Consensus Rating of “Hold” from Brokerages
One Liberty Properties, Inc. (NYSE:OLP) has been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $24.83.
A number of analysts have recently weighed in on the company. ValuEngine raised One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. DA Davidson assumed coverage on One Liberty Properties in a research note on Monday, September 25th. They set a “neutral” rating and a $25.00 price objective for the company. TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Finally, Zacks Investment Research lowered One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th.
One Liberty Properties (OLP) opened at 24.81 on Friday. One Liberty Properties has a 12 month low of $21.96 and a 12 month high of $25.89. The firm has a market cap of $462.19 million, a P/E ratio of 21.03 and a beta of 0.83. The stock has a 50 day moving average of $24.47 and a 200-day moving average of $23.93.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Monday, September 25th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Friday, September 22nd. One Liberty Properties’s dividend payout ratio (DPR) is presently 147.01%.
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In related news, VP Justin Clair sold 2,100 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $24.06, for a total value of $50,526.00. Following the completion of the sale, the vice president now owns 33,305 shares of the company’s stock, valued at $801,318.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence Ricketts sold 7,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total value of $168,980.00. Following the completion of the sale, the insider now directly owns 113,302 shares of the company’s stock, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. Insiders sold 11,939 shares of company stock valued at $290,112 in the last ninety days. 8.60% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. OxFORD Asset Management LLP purchased a new stake in One Liberty Properties in the second quarter worth $214,000. Public Employees Retirement System of Ohio purchased a new stake in One Liberty Properties in the second quarter worth $239,000. Voya Investment Management LLC lifted its stake in One Liberty Properties by 15.1% in the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,359 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in One Liberty Properties by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,932 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 46 shares during the period. Finally, Eqis Capital Management Inc. lifted its stake in One Liberty Properties by 21.6% in the third quarter. Eqis Capital Management Inc. now owns 13,058 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 2,319 shares during the period. 41.66% of the stock is owned by institutional investors.
About One Liberty Properties
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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