One Liberty Properties, Inc. (NYSE:OLP) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $25.50.
OLP has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. B. Riley set a $25.00 target price on shares of One Liberty Properties and gave the stock a “hold” rating in a research note on Friday, March 16th. TheStreet downgraded shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Tuesday, March 13th. Finally, ValuEngine downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Friday, April 6th.
One Liberty Properties opened at $26.41 on Thursday, according to MarketBeat. The stock has a market cap of $505.30 million, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.21 and a beta of 0.76. One Liberty Properties has a twelve month low of $21.02 and a twelve month high of $27.70. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.36.
One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.12). One Liberty Properties had a return on equity of 9.13% and a net margin of 35.25%. The business had revenue of $19.53 million for the quarter, compared to analyst estimates of $19.41 million. equities analysts predict that One Liberty Properties will post 2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Monday, June 25th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date is Friday, June 22nd. One Liberty Properties’s dividend payout ratio (DPR) is presently 86.12%.
In other news, VP Justin Clair sold 980 shares of the business’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $26.00, for a total value of $25,480.00. Following the sale, the vice president now directly owns 31,940 shares of the company’s stock, valued at approximately $830,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lawrence Ricketts sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $24.07, for a total transaction of $60,175.00. Following the completion of the sale, the chief operating officer now directly owns 118,324 shares in the company, valued at $2,848,058.68. The disclosure for this sale can be found here. Insiders have sold 11,080 shares of company stock worth $275,855 over the last ninety days. 21.90% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of One Liberty Properties by 4.8% in the 1st quarter. Royal Bank of Canada now owns 46,140 shares of the real estate investment trust’s stock valued at $1,019,000 after acquiring an additional 2,093 shares during the period. Millennium Management LLC grew its holdings in shares of One Liberty Properties by 122.6% in the first quarter. Millennium Management LLC now owns 143,963 shares of the real estate investment trust’s stock valued at $3,182,000 after purchasing an additional 79,282 shares in the last quarter. Barclays PLC grew its holdings in shares of One Liberty Properties by 290.8% in the first quarter. Barclays PLC now owns 8,929 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 6,644 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of One Liberty Properties by 71.0% in the first quarter. Citadel Advisors LLC now owns 27,597 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 11,458 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of One Liberty Properties in the first quarter valued at approximately $788,000. 41.26% of the stock is currently owned by institutional investors and hedge funds.
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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