One Liberty Properties (NYSE:OLP) Hits New 52-Week High – Still a Buy?

Shares of One Liberty Properties, Inc. (NYSE:OLP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.03 and last traded at $30.03, with a volume of 6741 shares traded. The stock had previously closed at $29.51.

Analyst Ratings Changes

Several brokerages have issued reports on OLP. B. Riley raised their price objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

One Liberty Properties Trading Up 2.4 %

The business’s 50 day simple moving average is $27.70 and its two-hundred day simple moving average is $25.86. The stock has a market cap of $646.19 million, a P/E ratio of 18.22, a PEG ratio of 3.46 and a beta of 1.36. 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 earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. As a group, analysts expect that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.96%. The ex-dividend date of this dividend was Tuesday, September 24th. One Liberty Properties’s payout ratio is 111.11%.

Insider Activity at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the transaction, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The trade was a 7.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of OLP. Future Financial Wealth Managment LLC bought a new stake in One Liberty Properties during the 3rd quarter valued at $83,000. SG Americas Securities LLC bought a new position in One Liberty Properties in the third quarter valued at $160,000. BNP Paribas Financial Markets increased its stake in One Liberty Properties by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 2,801 shares during the last quarter. HighTower Advisors LLC bought a new position in One Liberty Properties in the third quarter valued at $201,000. Finally, State Board of Administration of Florida Retirement System bought a new position in One Liberty Properties in the first quarter valued at $219,000. 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.