One Liberty Properties (NYSE:OLP) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

One Liberty Properties, Inc. (NYSE:OLP) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.56 and traded as high as $22.60. One Liberty Properties shares last traded at $22.29, with a volume of 96,711 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, One Liberty Properties presently has a consensus rating of “Sell”.

One Liberty Properties Stock Performance

The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 1.50. The firm’s fifty day moving average is $20.87 and its 200 day moving average is $21.56. The company has a market cap of $482.58 million, a PE ratio of 14.47, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Thursday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $23.77 million for the quarter, compared to analyst estimates of $24.18 million. One Liberty Properties had a net margin of 34.87% and a return on equity of 10.99%. As a group, research analysts predict that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.1%. The ex-dividend date was Monday, December 22nd. One Liberty Properties’s payout ratio is presently 116.88%.

Hedge Funds Weigh In On One Liberty Properties

A number of hedge funds have recently made changes to their positions in the company. US Bancorp DE lifted its position in shares of One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 490 shares in the last quarter. Allworth Financial LP raised its stake in One Liberty Properties by 1,440.5% in the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,138 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in One Liberty Properties in the 2nd quarter valued at $31,000. GAMMA Investing LLC lifted its holdings in One Liberty Properties by 241.7% in the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,380 shares in the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in One Liberty Properties by 43.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 568 shares during the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.