One Liberty Properties (NYSE:OLP) Reaches New 52-Week High – Here’s What Happened

One Liberty Properties, Inc. (NYSE:OLP)’s share price reached a new 52-week high on Wednesday . The company traded as high as $25.60 and last traded at $25.0620, with a volume of 86627 shares trading hands. The stock had previously closed at $25.09.

Wall Street Analyst Weigh In

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

One Liberty Properties Trading Down 0.1%

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 cap of $546.85 million, a P/E ratio of 19.73 and a beta of 0.88. The business has a fifty day moving average price of $23.81 and a 200-day moving average price of $22.69.

One Liberty Properties (NYSE:OLP) last issued its quarterly 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 business had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. On average, analysts forecast that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, June 25th. One Liberty Properties’s payout ratio is 141.73%.

Insider Activity

In other news, COO Lawrence Ricketts sold 6,000 shares of the company’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 of the company’s stock, valued at $4,055,289. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Justin Clair sold 2,676 shares of the company’s 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 completion of the sale, the executive vice president directly owned 33,074 shares in the company, valued at approximately $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 14,676 shares of company stock worth $348,794. Insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

A number of institutional investors have recently bought and sold shares of OLP. US Bancorp DE raised its position in shares of 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 in the last quarter. New York State Teachers Retirement System bought a new stake in shares of One Liberty Properties during the 1st quarter valued at about $36,000. GAMMA Investing LLC boosted its position in shares of One Liberty Properties by 241.7% during the 4th 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 in the last quarter. Camelot Portfolios LLC acquired a new stake in One Liberty Properties during the fourth quarter worth approximately $51,000. Finally, Russell Investments Group Ltd. increased its holdings in 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 purchasing 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.