One Liberty Properties (NYSE:OLP) Upgraded to Strong-Buy at Zacks Research

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

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

One Liberty Properties Price Performance

NYSE:OLP opened at $25.45 on Wednesday. One Liberty Properties has a one year low of $19.62 and a one year high of $25.60. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $555.43 million, a price-to-earnings ratio of 20.04 and a beta of 0.88. The firm’s fifty day moving average is $24.07 and its two-hundred day moving average is $22.91.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.22. The business had revenue of $28.29 million during the quarter, compared to analyst estimates of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Research analysts expect that One Liberty Properties will post 1.73 EPS for the current year.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.1%. One Liberty Properties’s dividend payout ratio is presently 141.73%.

Insider Buying and Selling

In other One Liberty Properties news, EVP Justin Clair sold 2,676 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the transaction, the executive vice president owned 33,074 shares in the company, valued at approximately $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,676 shares of company stock worth $348,794 in the last quarter. 25.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE lifted its position 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 valued at $28,000 after buying an additional 490 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in One Liberty Properties in the 1st quarter worth $36,000. GAMMA Investing LLC increased its holdings 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 worth $40,000 after acquiring an additional 1,380 shares in the last quarter. Camelot Portfolios LLC acquired a new position in One Liberty Properties during the fourth quarter worth $51,000. Finally, Russell Investments Group Ltd. raised its position in One Liberty Properties by 607.7% during the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 2,291 shares during the period. Hedge funds and other 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.