One Liberty Properties, Inc. (OLP) Upgraded to B- at TheStreet

TheStreet upgraded shares of One Liberty Properties, Inc. (NYSE:OLP) from a c+ rating to a b- rating in a report issued on Thursday morning.

OLP has been the topic of several other reports. BidaskClub lowered shares of One Liberty Properties from a hold rating to a sell rating in a report on Tuesday, July 11th. FBR & Co initiated coverage on shares of One Liberty Properties in a report on Monday, July 24th. They issued a mkt perform rating and a $25.50 price target on the stock. ValuEngine raised shares of One Liberty Properties from a hold rating to a buy rating in a report on Friday, September 1st. DA Davidson initiated coverage on shares of One Liberty Properties in a report on Monday, September 25th. They issued a neutral rating and a $25.00 price target on the stock. Finally, Zacks Investment Research lowered shares of One Liberty Properties from a hold rating to a sell rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $24.83.

One Liberty Properties (OLP) opened at 24.67 on Thursday. The stock has a market capitalization of $459.58 million, a P/E ratio of 20.91 and a beta of 0.83. One Liberty Properties has a 1-year low of $21.96 and a 1-year high of $25.89. The stock has a 50 day moving average price of $24.14 and a 200-day moving average price of $23.77.

TRADEMARK VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/09/one-liberty-properties-inc-olp-upgraded-to-b-at-thestreet.html.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Monday, September 25th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.97%. One Liberty Properties’s dividend payout ratio (DPR) is currently 147.01%.

In other One Liberty Properties news, VP Justin Clair sold 2,839 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lawrence Ricketts sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the transaction, the insider now owns 113,302 shares of the company’s stock, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,939 shares of company stock valued at $290,112. Insiders own 8.60% of the company’s stock.

Institutional investors have recently modified their holdings of the business. OxFORD Asset Management LLP acquired a new position in shares of One Liberty Properties in the second quarter worth about $214,000. Public Employees Retirement System of Ohio acquired a new position in shares of One Liberty Properties in the second quarter worth about $239,000. Voya Investment Management LLC raised its position in shares of One Liberty Properties by 15.1% in the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,359 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of One Liberty Pr

OLP has been the topic of several other reports. BidaskClub lowered shares of One Liberty Properties from a hold rating to a sell rating in a report on Tuesday, July 11th. FBR & Co initiated coverage on shares of One Liberty Properties in a report on Monday, July 24th. They issued a mkt perform rating and a $25.50 price target on the stock. ValuEngine raised shares of One Liberty Properties from a hold rating to a buy rating in a report on Friday, September 1st. DA Davidson initiated coverage on shares of One Liberty Properties in a report on Monday, September 25th. They issued a neutral rating and a $25.00 price target on the stock. Finally, Zacks Investment Research lowered shares of One Liberty Properties from a hold rating to a sell rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $24.83.

One Liberty Properties (OLP) opened at 24.67 on Thursday. The stock has a market capitalization of $459.58 million, a P/E ratio of 20.91 and a beta of 0.83. One Liberty Properties has a 1-year low of $21.96 and a 1-year high of $25.89. The stock has a 50 day moving average price of $24.14 and a 200-day moving average price of $23.77.

TRADEMARK VIOLATION NOTICE: This news story was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/09/one-liberty-properties-inc-olp-upgraded-to-b-at-thestreet.html.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Monday, September 25th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.97%. One Liberty Properties’s dividend payout ratio (DPR) is currently 147.01%.

In other One Liberty Properties news, VP Justin Clair sold 2,839 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lawrence Ricketts sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the transaction, the insider now owns 113,302 shares of the company’s stock, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,939 shares of company stock valued at $290,112. Insiders own 8.60% of the company’s stock.

Institutional investors have recently modified their holdings of the business. OxFORD Asset Management LLP acquired a new position in shares of One Liberty Properties in the second quarter worth about $214,000. Public Employees Retirement System of Ohio acquired a new position in shares of One Liberty Properties in the second quarter worth about $239,000. Voya Investment Management LLC raised its position in shares of One Liberty Properties by 15.1% in the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,359 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of One Liberty Properties by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,932 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 46 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of One Liberty Properties by 21.6% in the third quarter. Eqis Capital Management Inc. now owns 13,058 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 2,319 shares during the period. Institutional investors and hedge funds 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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