One Liberty Properties (NYSE:OLP) Share Price Passes Above 200 Day Moving Average – Here’s Why

One Liberty Properties, Inc. (NYSE:OLP)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.08 and traded as high as $23.74. One Liberty Properties shares last traded at $23.6850, with a volume of 43,071 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently commented on the company. B. Riley Financial reissued a “buy” rating and set a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. Wall Street Zen raised shares of 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.50.

One Liberty Properties Trading Up 2.1%

The stock has a fifty day moving average of $22.89 and a two-hundred day moving average of $22.08. The company has a market capitalization of $516.81 million, a PE ratio of 18.65 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89.

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 the consensus estimate of $0.26 by $0.22. The business 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%. As a group, sell-side analysts anticipate that One Liberty Properties, Inc. will post 1.71 earnings per share for the current fiscal year.

Insider Buying and Selling at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $22.64, for a total transaction of $113,200.00. Following the completion of the sale, the chief operating officer directly owned 183,021 shares in the company, valued at $4,143,595.44. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Justin Clair sold 2,676 shares of the firm’s 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 directly owned 33,074 shares in the company, valued at $772,608.64. This trade represents a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 17,167 shares of company stock worth $392,614. 25.80% of the stock is owned by insiders.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds and other institutional investors have recently modified their holdings of OLP. US Bancorp DE boosted its holdings in One Liberty Properties by 62.7% during the 3rd 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 during the period. New York State Teachers Retirement System purchased a new position in One Liberty Properties in the 1st quarter worth approximately $36,000. GAMMA Investing LLC lifted its position in One Liberty Properties by 241.7% in 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 bought a new stake in One Liberty Properties in the fourth quarter valued at approximately $51,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of One Liberty Properties by 607.7% during the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,291 shares during the period. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

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.