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

One Liberty Properties, Inc. (NYSE:OLP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.14 and traded as high as $25.45. One Liberty Properties shares last traded at $25.28, with a volume of 88,896 shares trading hands.

Analyst Upgrades and Downgrades

OLP has been the topic of several recent research reports. 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. B. Riley Financial boosted their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research note 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 note on Wednesday, July 1st. Finally, Zacks Research raised shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, One Liberty Properties has an average rating of “Moderate Buy” and a consensus target price of $28.50.

One Liberty Properties Stock Up 0.6%

The business has a fifty day moving average of $24.35 and a 200 day moving average of $23.14. The firm has a market cap of $551.61 million, a P/E ratio of 19.91 and a beta of 0.88. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.89.

One Liberty Properties (NYSE:OLP) last released 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 return on equity of 9.13% and a net margin of 27.19%.The firm had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million. On average, equities research analysts predict that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.1%. One Liberty Properties’s dividend payout ratio is 141.73%.

Insider Buying and Selling

In related news, EVP Justin Clair sold 2,676 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Lawrence Ricketts sold 6,000 shares of One Liberty Properties stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at $4,055,289. The trade was a 3.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,676 shares of company stock worth $348,794 over the last quarter. 25.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On One Liberty Properties

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of One Liberty Properties by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock worth $38,581,000 after purchasing an additional 8,772 shares in the last quarter. Geode Capital Management LLC increased its position in shares of One Liberty Properties by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after buying an additional 12,519 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 buying an additional 1,246 shares in the last quarter. Quantinno Capital Management LP increased its position 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 buying an additional 22,961 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock worth $1,660,000 after buying an additional 13,259 shares during the period. 36.24% of the stock is currently owned by institutional investors and hedge funds.

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.