Shares of One Liberty Properties, Inc. (NYSE:OLP) have received a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $25.13.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, January 12th. B. Riley set a $25.00 price objective on shares of One Liberty Properties and gave the company a “hold” rating in a research note on Friday, March 16th. ValuEngine lowered shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, TheStreet lowered shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, March 13th.
In other news, COO Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $23.76, for a total value of $118,800.00. Following the completion of the sale, the chief operating officer now owns 125,624 shares in the company, valued at approximately $2,984,826.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in OLP. MetLife Investment Advisors LLC bought a new stake in shares of One Liberty Properties in the 4th quarter valued at $163,000. UBS Asset Management Americas Inc. acquired a new stake in One Liberty Properties in the 4th quarter valued at $213,000. Cambridge Investment Research Advisors Inc. acquired a new stake in One Liberty Properties in the 4th quarter valued at $323,000. Citadel Advisors LLC grew its position in One Liberty Properties by 16.4% in the 4th quarter. Citadel Advisors LLC now owns 16,139 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 2,271 shares during the period. Finally, Eqis Capital Management Inc. grew its position in One Liberty Properties by 26.7% in the 4th quarter. Eqis Capital Management Inc. now owns 16,547 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 3,489 shares during the period. Institutional investors own 42.13% of the company’s stock.
One Liberty Properties stock traded down $0.38 during mid-day trading on Friday, hitting $23.24. 40,371 shares of the stock were exchanged, compared to its average volume of 57,314. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.42 and a current ratio of 1.42. One Liberty Properties has a 12 month low of $21.02 and a 12 month high of $27.70. The firm has a market cap of $453.34, a price-to-earnings ratio of 11.30, a PEG ratio of 2.02 and a beta of 0.79.
One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Tuesday, March 13th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. One Liberty Properties had a net margin of 31.81% and a return on equity of 8.20%. The firm had revenue of $19.89 million during the quarter, compared to analyst estimates of $19.31 million. equities research analysts predict that One Liberty Properties will post 1.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Stockholders of record on Tuesday, March 27th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, March 26th. This represents a $1.80 annualized dividend and a dividend yield of 7.75%. One Liberty Properties’s dividend payout ratio is currently 86.12%.
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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 of industrial, retail (including furniture stores and supermarkets), restaurant, health and fitness and theater properties.
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