One Liberty Properties (NYSE:OLP) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a research note published on Friday morning.

One Liberty Properties Stock Up 3.2 %

Shares of NYSE:OLP opened at $27.44 on Friday. The business’s 50 day moving average is $26.07 and its 200 day moving average is $27.16. One Liberty Properties has a 12-month low of $21.11 and a 12-month high of $30.45. The stock has a market cap of $586.90 million, a price-to-earnings ratio of 16.94, a PEG ratio of 3.02 and a beta of 1.38. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, March 27th will be issued a $0.45 dividend. The ex-dividend date is Thursday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 6.56%. One Liberty Properties’s dividend payout ratio is currently 128.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. Creative Planning increased its stake in One Liberty Properties by 4.3% in the 3rd quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 411 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of One Liberty Properties by 7.3% during the third quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 1,561 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in One Liberty Properties by 23.0% during the third quarter. Penserra Capital Management LLC now owns 42,331 shares of the real estate investment trust’s stock worth $1,165,000 after acquiring an additional 7,905 shares during the period. BNP Paribas Financial Markets boosted its position in One Liberty Properties by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,801 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in One Liberty Properties by 44.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,604 shares of the real estate investment trust’s stock valued at $705,000 after purchasing an additional 7,923 shares during the period. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.