One Liberty Properties (NYSE:OLP) Reaches New 1-Year High at $24.53

Shares of One Liberty Properties, Inc. (NYSE:OLP) reached a new 52-week high during trading on Friday . The stock traded as high as $24.53 and last traded at $24.53, with a volume of 16683 shares traded. The stock had previously closed at $24.21.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OLP shares. B. Riley raised their target price on shares of One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, April 15th. StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th.

One Liberty Properties Stock Up 0.7 %

The business has a 50-day moving average price of $23.54 and a 200 day moving average price of $22.30. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $513.48 million, a P/E ratio of 17.80, a P/E/G ratio of 2.75 and a beta of 1.37.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.39%. One Liberty Properties’s dividend payout ratio (DPR) is currently 132.35%.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, SVP Jeffrey Gould sold 5,813 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $23.45, for a total transaction of $136,314.85. Following the sale, the senior vice president now directly owns 373,000 shares in the company, valued at $8,746,850. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Justin Clair sold 3,800 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $24.27, for a total transaction of $92,226.00. Following the transaction, the executive vice president now directly owns 39,249 shares in the company, valued at approximately $952,573.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey Gould sold 5,813 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $23.45, for a total value of $136,314.85. Following the completion of the transaction, the senior vice president now directly owns 373,000 shares in the company, valued at approximately $8,746,850. The disclosure for this sale can be found here. Insiders have sold a total of 19,813 shares of company stock worth $464,521 in the last three months. Insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

Several hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in One Liberty Properties by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 580 shares in the last quarter. Fortis Group Advisors LLC grew its holdings in shares of One Liberty Properties by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 634 shares during the last quarter. SG Americas Securities LLC increased its position in shares of One Liberty Properties by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 1,930 shares during the period. Future Financial Wealth Managment LLC purchased a new position in One Liberty Properties in the 1st quarter worth $68,000. Finally, BNP Paribas Financial Markets raised its stake in One Liberty Properties by 68.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 3,157 shares during the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

About One Liberty Properties

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.