One Liberty Properties (NYSE:OLP) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of One Liberty Properties, Inc. (NYSE:OLP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.50 and traded as high as $21.80. One Liberty Properties shares last traded at $21.7050, with a volume of 77,878 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on OLP. B. Riley Financial restated a “buy” rating and issued a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of One Liberty Properties from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of One Liberty Properties in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, One Liberty Properties currently has a consensus rating of “Hold” and an average target price of $27.50.

One Liberty Properties Stock Up 1.1%

The company has a market cap of $473.39 million, a PE ratio of 18.55 and a beta of 0.96. The company has a fifty day moving average of $22.53 and a two-hundred day moving average of $21.50. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97.

One Liberty Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 27th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.3%. The ex-dividend date is Friday, March 27th. One Liberty Properties’s dividend payout ratio is presently 153.85%.

Insiders Place Their Bets

In other One Liberty Properties news, COO Lawrence Ricketts sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $23.58, for a total value of $47,160.00. Following the completion of the sale, the chief operating officer owned 181,021 shares of the company’s stock, valued at $4,268,475.18. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 11,492 shares of company stock valued at $264,545. Corporate insiders own 25.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OLP. US Bancorp DE lifted its stake in shares of One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 490 shares during the last quarter. GAMMA Investing LLC grew its position in One Liberty Properties by 241.7% in the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,380 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in One Liberty Properties by 43.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 568 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in One Liberty Properties in the fourth quarter worth $51,000. Finally, Versant Capital Management Inc increased its stake in One Liberty Properties by 635.9% in the third quarter. Versant Capital Management Inc now owns 2,627 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,270 shares during the period. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.