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

One Liberty Properties, Inc. (NYSE:OLP)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.87 and traded as high as $24.99. One Liberty Properties shares last traded at $24.5250, with a volume of 82,445 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OLP shares. B. Riley Financial raised their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. Finally, Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.50.

One Liberty Properties Price Performance

The business has a 50-day moving average price of $24.02 and a two-hundred day moving average price of $22.87. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $535.14 million, a price-to-earnings ratio of 19.31 and a beta of 0.88.

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

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.3%. One Liberty Properties’s dividend payout ratio is 141.73%.

Insider Buying and Selling at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 2,676 shares of One Liberty Properties stock in a transaction on Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following the transaction, the executive vice president directly owned 33,074 shares of the company’s stock, valued at $772,608.64. The trade was a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lawrence Ricketts sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the completion of the transaction, the chief operating officer owned 165,522 shares in the company, valued at $4,055,289. The trade was a 3.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,676 shares of company stock worth $348,794. Company insiders own 25.80% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds have recently modified their holdings of OLP. US Bancorp DE increased its holdings 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 worth $28,000 after acquiring an additional 490 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in One Liberty Properties during the first quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 1,380 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in One Liberty Properties during the 4th quarter worth about $51,000. Finally, Russell Investments Group Ltd. raised its position in shares of One Liberty Properties by 607.7% in the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 2,291 shares in the last quarter. 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.