One Liberty Properties (NYSE:OLP) Hits New 12-Month High at $23.76

One Liberty Properties, Inc. (NYSE:OLP)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $23.76 and last traded at $23.76, with a volume of 101 shares changing hands. The stock had previously closed at $23.15.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. B. Riley lifted their price objective on shares of One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, April 15th. StockNews.com cut shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th.

One Liberty Properties Price Performance

The company has a market cap of $497.04 million, a price-to-earnings ratio of 16.78, a P/E/G ratio of 2.72 and a beta of 1.31. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.48 and a current ratio of 2.48. The company’s 50 day moving average price is $22.15 and its 200 day moving average price is $21.16.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend was Tuesday, March 26th. One Liberty Properties’s payout ratio is 130.44%.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in One Liberty Properties by 41.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock valued at $2,286,000 after purchasing an additional 30,470 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in One Liberty Properties during the fourth quarter worth about $368,000. Atria Wealth Solutions Inc. bought a new stake in One Liberty Properties during the third quarter worth $258,000. Quadrature Capital Ltd bought a new position in One Liberty Properties in the 3rd quarter valued at approximately $211,000. Finally, Panagora Asset Management Inc. raised its position in One Liberty Properties by 54.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 21,667 shares of the real estate investment trust’s stock worth $409,000 after purchasing an additional 7,658 shares during 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.