ValuEngine upgraded shares of One Liberty Properties, Inc. (NYSE:OLP) from a hold rating to a buy rating in a research note published on Friday, September 1st.
Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of One Liberty Properties from a hold rating to a sell rating in a research report on Tuesday, July 11th. Wunderlich reiterated a hold rating and issued a $24.00 price target (down previously from $26.00) on shares of One Liberty Properties in a research report on Thursday, May 11th. Finally, FBR & Co began coverage on shares of One Liberty Properties in a research report on Monday, July 24th. They issued a mkt perform rating and a $25.50 price target for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $24.75.
Shares of One Liberty Properties (NYSE:OLP) traded down 0.04% on Friday, hitting $24.06. The stock had a trading volume of 139,376 shares. The stock has a market cap of $448.21 million, a PE ratio of 20.39 and a beta of 0.82. One Liberty Properties has a 12 month low of $21.96 and a 12 month high of $25.89. The company has a 50 day moving average price of $24.04 and a 200-day moving average price of $23.69.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Monday, September 25th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $1.72 dividend on an annualized basis and a yield of 7.15%. One Liberty Properties’s payout ratio is currently 147.01%.
In related news, VP Justin Clair sold 2,100 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $24.06, for a total value of $50,526.00. Following the sale, the vice president now directly owns 33,305 shares of the company’s stock, valued at approximately $801,318.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lawrence Ricketts sold 5,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $23.57, for a total transaction of $117,850.00. Following the completion of the sale, the insider now directly owns 98,007 shares in the company, valued at $2,310,024.99. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. RMR Advisors LLC lifted its holdings in One Liberty Properties by 1.7% in the 2nd quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 307 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in One Liberty Properties by 1.1% in the 2nd quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 250 shares in the last quarter. Bowling Portfolio Management LLC purchased a new position in One Liberty Properties in the 2nd quarter valued at about $580,000. Bessemer Group Inc. lifted its holdings in One Liberty Properties by 6.3% in the 2nd quarter. Bessemer Group Inc. now owns 35,600 shares of the real estate investment trust’s stock valued at $834,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in One Liberty Properties by 39.2% in the 2nd quarter. Citigroup Inc. now owns 16,428 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 4,628 shares in the last quarter. Institutional investors own 41.65% of the company’s stock.
One Liberty Properties Company Profile
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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