Media headlines about One Liberty Properties (NYSE:OLP) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. One Liberty Properties earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.6699215548016 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of One Liberty Properties (NYSE:OLP) traded down $0.07 during trading on Friday, hitting $26.48. 34,100 shares of the company traded hands, compared to its average volume of 45,860. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.36. One Liberty Properties has a 12-month low of $21.96 and a 12-month high of $27.36. The stock has a market capitalization of $499.61, a PE ratio of 13.02, a PEG ratio of 2.10 and a beta of 0.89.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Thursday, December 21st. This is a boost from One Liberty Properties’s previous quarterly dividend of $0.43. One Liberty Properties’s dividend payout ratio (DPR) is 132.31%.
A number of research firms have recently issued reports on OLP. B. Riley reiterated a “neutral” rating on shares of One Liberty Properties in a research note on Wednesday, November 1st. ValuEngine upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. DA Davidson began coverage on shares of One Liberty Properties in a research note on Monday, September 25th. They issued a “neutral” rating and a $25.00 target price for the company. Zacks Investment Research upgraded shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 28th. Finally, TheStreet upgraded shares of One Liberty Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $26.40.
In other One Liberty Properties news, VP Justin Clair sold 2,839 shares of One Liberty Properties stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lawrence Ricketts sold 7,000 shares of One Liberty Properties stock in a transaction on Tuesday, September 26th. The shares were 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 directly 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. Company insiders own 8.60% of the company’s stock.
About One Liberty Properties
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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