One Liberty Properties (NYSE:OLP) Shares Cross Above 200 Day Moving Average – What’s Next?

One Liberty Properties, Inc. (NYSE:OLP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.95 and traded as high as $23.84. One Liberty Properties shares last traded at $23.7310, with a volume of 50,027 shares.

Wall Street Analyst Weigh In

OLP has been the topic of several recent research reports. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. B. Riley Financial reiterated a “buy” rating and set a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.50.

One Liberty Properties Trading Down 0.3%

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 company’s fifty day simple moving average is $22.79 and its 200-day simple moving average is $21.97. The company has a market capitalization of $515.61 million, a P/E ratio of 18.61 and a beta of 0.90.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.22. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. The company had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $26.77 million. Research analysts predict that One Liberty Properties, Inc. will post 1.71 earnings per share for the current year.

One Liberty Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Friday, March 27th. One Liberty Properties’s dividend payout ratio is presently 141.73%.

Insider Activity

In other One Liberty Properties news, EVP Justin Clair sold 2,676 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the sale, the executive vice president directly owned 33,074 shares of the company’s stock, valued at approximately $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Lawrence Ricketts sold 2,999 shares of One Liberty Properties stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $21.86, for a total transaction of $65,558.14. Following the completion of the transaction, the chief operating officer directly owned 177,522 shares in the company, valued at $3,880,630.92. This represents a 1.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 17,167 shares of company stock valued at $392,614. Insiders own 25.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OLP. US Bancorp DE grew its holdings in shares of One Liberty Properties by 62.7% during the third 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in One Liberty Properties by 6.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 585 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in One Liberty Properties by 12.2% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 6,986 shares of the real estate investment trust’s stock worth $154,000 after buying an additional 758 shares during the last quarter. Legal & General Group Plc raised its position in One Liberty Properties by 4.7% during the 3rd quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 996 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in One Liberty Properties by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after buying an additional 1,246 shares during the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

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.