One Liberty Properties (NYSE:OLP) Hits New 12-Month High – Here’s What Happened

One Liberty Properties, Inc. (NYSE:OLP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.00 and last traded at $24.91, with a volume of 5028 shares traded. The stock had previously closed at $24.82.

Analysts Set New Price Targets

Several analysts recently commented on OLP shares. B. Riley Financial boosted their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday. Finally, 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.50.

One Liberty Properties Trading Up 0.0%

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’s 50-day moving average is $23.73 and its 200-day moving average is $22.63. The stock has a market capitalization of $551.69 million, a price-to-earnings ratio of 19.91 and a beta of 0.88.

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

One Liberty Properties Dividend Announcement

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 issued a $0.45 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.1%. One Liberty Properties’s dividend payout ratio is currently 141.73%.

Insider Activity 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 stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the sale, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were 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 directly owned 165,522 shares in the company, valued at approximately $4,055,289. This trade represents a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 14,676 shares of company stock valued at $348,794 over the last quarter. 25.80% of the stock is currently owned by company insiders.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its position 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 acquiring an additional 490 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in One Liberty Properties in the 1st quarter valued at approximately $36,000. GAMMA Investing LLC raised 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 period. Camelot Portfolios LLC purchased a new stake in One Liberty Properties in the fourth quarter valued at approximately $51,000. Finally, Russell Investments Group Ltd. lifted its stake in 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 worth $59,000 after purchasing an additional 2,291 shares in the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

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.