B. Riley Raises One Liberty Properties (NYSE:OLP) Price Target to $25.00

One Liberty Properties (NYSE:OLP) had its target price increased by B. Riley from $24.00 to $25.00 in a report released on Monday, Benzinga reports. B. Riley currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for One Liberty Properties’ Q1 2024 earnings at $0.41 EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS and Q4 2025 earnings at $0.45 EPS.

Separately, StockNews.com upgraded One Liberty Properties from a hold rating to a buy rating in a research note on Wednesday, April 10th.

One Liberty Properties Price Performance

Shares of NYSE OLP opened at $21.40 on Monday. One Liberty Properties has a fifty-two week low of $17.55 and a fifty-two week high of $23.43. The business has a 50 day moving average price of $21.59 and a two-hundred day moving average price of $20.78. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.36. The firm has a market cap of $454.75 million, a PE ratio of 15.51, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 8.41%. The ex-dividend date was Tuesday, March 26th. One Liberty Properties’s dividend payout ratio (DPR) is 130.44%.

Institutional Trading of One Liberty Properties

Several hedge funds have recently made changes to their positions in OLP. Swiss National Bank lifted its holdings in shares of One Liberty Properties by 9.1% in the 1st quarter. Swiss National Bank now owns 39,552 shares of the real estate investment trust’s stock worth $1,218,000 after purchasing an additional 3,300 shares during the last quarter. Bank of New York Mellon Corp raised its stake in One Liberty Properties by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 170,029 shares of the real estate investment trust’s stock valued at $5,235,000 after acquiring an additional 1,202 shares in the last quarter. US Bancorp DE raised its stake in One Liberty Properties by 23.3% during the 1st quarter. US Bancorp DE now owns 2,648 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 500 shares in the last quarter. Cetera Advisor Networks LLC bought a new stake in One Liberty Properties during the 1st quarter valued at $258,000. Finally, MetLife Investment Management LLC raised its stake in One Liberty Properties by 40.9% during the 1st quarter. MetLife Investment Management LLC now owns 9,135 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 2,652 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

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 consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.