One Liberty Properties (NYSE:OLP) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

One Liberty Properties, Inc. (NYSE:OLP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.95 and traded as high as $23.84. One Liberty Properties shares last traded at $23.7310, with a volume of 50,027 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. B. Riley Financial reissued a “buy” rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.50.

One Liberty Properties Price Performance

The company has a market cap of $517.81 million, a PE ratio of 18.69 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 stock has a 50 day moving average of $22.78 and a 200-day moving average of $21.95.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.22. The company had revenue of $28.29 million during the quarter, compared to analyst estimates of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Equities analysts predict that One Liberty Properties, Inc. will post 1.71 earnings per share for the current year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were paid a $0.45 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.6%. One Liberty Properties’s dividend payout ratio (DPR) is 141.73%.

Insiders Place Their Bets

In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $22.64, for a total transaction of $113,200.00. Following the completion of the transaction, the chief operating officer owned 183,021 shares in the company, valued at approximately $4,143,595.44. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Justin Clair sold 2,676 shares of One Liberty Properties 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 transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,167 shares of company stock valued at $392,614 in the last 90 days. 25.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of One Liberty Properties by 7.8% in the 1st quarter. Bank of America Corp DE now owns 35,551 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 2,586 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of One Liberty Properties by 31.3% in the 1st quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock valued at $2,067,000 after purchasing an additional 22,961 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of One Liberty Properties by 227.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 20,934 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 14,548 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of One Liberty Properties by 29.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 3,219 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $5,021,000 after purchasing an additional 1,246 shares in the last quarter. Hedge funds and other 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.