One Liberty Properties (NYSE:OLP) Shares Pass Above 200-Day Moving Average – Here’s What Happened

One Liberty Properties, Inc. (NYSE:OLP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.32 and traded as high as $29.61. One Liberty Properties shares last traded at $29.25, with a volume of 37,459 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised One Liberty Properties from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

One Liberty Properties Stock Performance

The company has a 50-day moving average of $28.19 and a 200 day moving average of $26.32. The firm has a market capitalization of $625.57 million, a PE ratio of 18.06, a PEG ratio of 3.50 and a beta of 1.39. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. Equities research analysts predict that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors have recently added to or reduced their stakes in OLP. Price T Rowe Associates Inc. MD raised its holdings in One Liberty Properties by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 580 shares in the last quarter. Bank of New York Mellon Corp raised its stake in One Liberty Properties by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after buying an additional 6,868 shares in the last quarter. Rhumbline Advisers raised its stake in One Liberty Properties by 2.5% in the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after buying an additional 751 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in One Liberty Properties by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock valued at $5,713,000 after acquiring an additional 3,134 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of One Liberty Properties during the 3rd quarter worth approximately $160,000. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

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.