One Liberty Properties (NYSE:OLP) Share Price Passes Above 200 Day Moving Average – Time to Sell?

One Liberty Properties, Inc. (NYSE:OLP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.32 and traded as high as $24.47. One Liberty Properties shares last traded at $23.9620, with a volume of 103,818 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of One Liberty Properties in a report on Tuesday, June 9th. Wall Street Zen raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, B. Riley Financial raised their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.50.

One Liberty Properties Price Performance

The firm has a market capitalization of $522.85 million, a P/E ratio of 18.87 and a beta of 0.90. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a 50-day moving average of $23.34 and a 200-day moving average of $22.32.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.26 by $0.22. The business had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. As a group, analysts predict that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 7.5%. One Liberty Properties’s dividend payout ratio (DPR) is 141.73%.

Insider Activity

In related news, EVP Justin Clair sold 2,676 shares of One Liberty Properties stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the sale, the executive vice president directly owned 33,074 shares in the company, valued at approximately $772,608.64. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Lawrence Ricketts sold 2,999 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $21.86, for a total value of $65,558.14. Following the completion of the transaction, the chief operating officer directly owned 177,522 shares of the company’s stock, valued at approximately $3,880,630.92. This trade represents a 1.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,175 shares of company stock valued at $299,595 over the last quarter. 25.80% of the stock is owned by corporate insiders.

Institutional Trading of One Liberty Properties

Large investors have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of One Liberty Properties by 62.7% during the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in One Liberty Properties by 6.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 585 shares during the last quarter. Legal & General Group Plc boosted its holdings in One Liberty Properties by 4.7% in the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 996 shares during the last quarter. Dimensional Fund Advisors LP grew its position in One Liberty Properties by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after purchasing an additional 1,246 shares during the period. Finally, GAMMA Investing LLC grew its position 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 worth $40,000 after purchasing an additional 1,380 shares during the period. 36.24% of the stock is currently owned by institutional investors.

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.