DA Davidson Begins Coverage on One Liberty Properties, Inc. (OLP)
DA Davidson began coverage on shares of One Liberty Properties, Inc. (NYSE:OLP) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage issued a neutral rating and a $25.00 target price on the real estate investment trust’s stock. DA Davidson also issued estimates for One Liberty Properties’ Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.51 EPS, FY2017 earnings at $2.04 EPS, Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.52 EPS, FY2018 earnings at $2.07 EPS, Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.53 EPS and FY2019 earnings at $2.14 EPS.
Other analysts also recently issued reports about the company. ValuEngine upgraded One Liberty Properties from a hold rating to a buy rating in a report on Friday, September 1st. BidaskClub upgraded One Liberty Properties from a sell rating to a hold rating in a report on Monday, July 24th. Finally, FBR & Co started coverage on One Liberty Properties in a report on Monday, July 24th. They issued a mkt perform rating and a $25.50 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. One Liberty Properties currently has an average rating of Hold and an average price target of $24.83.
One Liberty Properties (NYSE:OLP) opened at 24.37 on Monday. One Liberty Properties has a 1-year low of $21.96 and a 1-year high of $25.89. The company’s 50-day moving average price is $24.01 and its 200 day moving average price is $23.67. The firm has a market capitalization of $453.99 million, a PE ratio of 20.65 and a beta of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 25th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.72 annualized dividend and a dividend yield of 7.06%. One Liberty Properties’s dividend payout ratio is presently 147.01%.
In other news, VP Justin Clair sold 2,100 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $24.06, for a total transaction of $50,526.00. Following the completion of the sale, the vice president now directly owns 33,305 shares in the company, valued at $801,318.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. OxFORD Asset Management LLP acquired a new stake in shares of One Liberty Properties during the second quarter valued at about $214,000. Public Employees Retirement System of Ohio bought a new position in shares of One Liberty Properties during the second quarter worth about $239,000. Voya Investment Management LLC lifted its position in shares of One Liberty Properties by 15.1% during the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock worth $243,000 after purchasing an additional 1,359 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of One Liberty Properties by 0.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,932 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 46 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of One Liberty Properties by 13.3% during the second quarter. The Manufacturers Life Insurance Company now owns 13,697 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 1,606 shares during the last quarter. Institutional investors own 41.65% of the company’s stock.
One Liberty Properties Company Profile
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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