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

One Liberty Properties, Inc. (NYSE:OLP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.47 and traded as high as $24.21. One Liberty Properties shares last traded at $23.7870, with a volume of 77,535 shares traded.

Analyst Upgrades and Downgrades

OLP has been the topic of several research reports. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. B. Riley Financial increased their target price 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of One Liberty Properties in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.50.

One Liberty Properties Stock Down 3.0%

The business has a 50 day moving average of $23.53 and a 200 day moving average of $22.47. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $519.03 million, a price-to-earnings ratio of 18.73 and a beta of 0.90.

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, topping the consensus estimate of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The firm had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $26.77 million. On average, equities analysts anticipate 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. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is presently 141.73%.

Insider Transactions at One Liberty Properties

In related news, EVP Justin Clair sold 2,676 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the transaction, the executive vice president owned 33,074 shares of the company’s stock, valued at $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Lawrence Ricketts sold 2,999 shares of One Liberty Properties stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $21.86, for a total value of $65,558.14. Following the sale, the chief operating officer directly owned 177,522 shares in the company, valued at $3,880,630.92. The trade was a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 25.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On One Liberty Properties

Several hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its stake in One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in One Liberty Properties by 6.2% during 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 acquiring an additional 585 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of One Liberty Properties by 4.7% during the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock valued at $489,000 after acquiring an additional 996 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of One Liberty Properties by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock valued at $5,021,000 after acquiring an additional 1,246 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of One Liberty Properties by 241.7% during the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,380 shares during the period. Institutional investors 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.