One Liberty Properties (NYSE:OLP) Upgraded at Zacks Research

Zacks Research upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a strong-buy rating in a report published on Wednesday morning,Zacks.com reports.

Other research analysts have also issued research reports about the company. B. Riley Financial increased their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings raised One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, One Liberty Properties has an average rating of “Moderate Buy” and a consensus target price of $28.50.

One Liberty Properties Price Performance

Shares of NYSE OLP opened at $25.27 on Wednesday. The firm has a market capitalization of $551.37 million, a P/E ratio of 19.90 and a beta of 0.88. The firm’s 50-day moving average price is $24.10 and its 200-day moving average price is $22.93. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. One Liberty Properties has a 1-year low of $19.62 and a 1-year high of $25.88.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. Equities research analysts anticipate that One Liberty Properties will post 1.73 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Thursday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is currently 141.73%.

Insider Activity

In related news, EVP Justin Clair sold 2,676 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the sale, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. This represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at approximately $4,055,289. The trade was a 3.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,676 shares of company stock valued at $348,794. 25.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of One Liberty Properties by 0.5% during the third quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock valued at $38,581,000 after buying an additional 8,772 shares during the last quarter. Geode Capital Management LLC raised its position in One Liberty Properties by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after buying an additional 12,519 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in One Liberty Properties by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock valued at $5,021,000 after acquiring an additional 1,246 shares in the last quarter. Quantinno Capital Management LP lifted its stake in One Liberty Properties by 31.3% during the 1st quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock valued at $2,067,000 after acquiring an additional 22,961 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock worth $1,660,000 after acquiring an additional 13,259 shares during the last quarter. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

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.