One Liberty Properties’ (OLP) Buy Rating Reiterated at B. Riley Financial

B. Riley Financial reissued their buy rating on shares of One Liberty Properties (NYSE:OLP) in a research note published on Wednesday,Benzinga reports. They currently have a $27.50 price objective on the real estate investment trust’s stock, up from their previous price objective of $26.50.

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of One Liberty Properties in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $27.50.

One Liberty Properties Trading Down 0.6%

Shares of NYSE:OLP opened at $22.81 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.92 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $497.53 million, a PE ratio of 19.50, a P/E/G ratio of 2.68 and a beta of 0.95. One Liberty Properties has a 1 year low of $19.62 and a 1 year high of $27.03. The firm has a fifty day moving average price of $22.23 and a 200 day moving average price of $21.61.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 27th will be paid a $0.45 dividend. The ex-dividend date is Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.9%. One Liberty Properties’s dividend payout ratio (DPR) is presently 153.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OLP. US Bancorp DE lifted its position in 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 worth $28,000 after acquiring an additional 490 shares during the last quarter. Allworth Financial LP grew its position in shares of One Liberty Properties by 1,440.5% in the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,138 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of One Liberty Properties by 241.7% in the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,380 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of One Liberty Properties by 43.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 568 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in shares of One Liberty Properties during the 4th quarter worth about $51,000. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Company Profile

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.