One Liberty Properties (NYSE:OLP) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

One Liberty Properties Stock Down 4.2 %

Shares of NYSE:OLP opened at $22.03 on Wednesday. One Liberty Properties has a 52-week low of $17.55 and a 52-week high of $23.43. The stock has a market cap of $468.14 million, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.70 and a beta of 1.32. The business’s 50 day moving average is $21.43 and its 200 day moving average is $20.68. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.36.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a $0.45 dividend. The ex-dividend date was Tuesday, March 26th. This represents a $1.80 annualized dividend and a yield of 8.17%. One Liberty Properties’s dividend payout ratio (DPR) is currently 130.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OLP. New York State Teachers Retirement System bought a new position in One Liberty Properties in the third quarter worth approximately $27,000. Fortis Group Advisors LLC lifted its holdings in 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 worth $28,000 after buying an additional 634 shares during the period. Lazard Asset Management LLC purchased a new stake in One Liberty Properties during the first quarter worth $29,000. Pacifica Partners Inc. purchased a new stake in One Liberty Properties during the third quarter worth $32,000. Finally, Tower Research Capital LLC TRC lifted its holdings in One Liberty Properties by 235.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,189 shares during the period. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

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.