One Liberty Properties (NYSE:OLP) Sets New 52-Week High – Time to Buy?

Shares of One Liberty Properties, Inc. (NYSE:OLP) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $25.60 and last traded at $25.0620, with a volume of 86627 shares. The stock had previously closed at $25.09.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OLP. Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. B. Riley Financial raised their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, One Liberty Properties has a consensus rating of “Hold” and a consensus price target of $28.50.

One Liberty Properties Price Performance

The company has a 50 day simple moving average of $23.88 and a 200-day simple moving average of $22.74. The stock has a market cap of $541.05 million, a price-to-earnings ratio of 19.52 and a beta of 0.88. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.89.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The company had revenue of $28.29 million during the quarter, compared to analyst estimates of $26.77 million. As a group, research analysts anticipate that One Liberty Properties, Inc. will post 1.73 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties’s payout ratio is currently 141.73%.

Insider Buying and Selling at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 2,676 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Lawrence Ricketts sold 6,000 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the sale, the chief operating officer directly owned 165,522 shares in the company, valued at $4,055,289. This trade represents a 3.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 14,676 shares of company stock valued at $348,794. 25.80% of the stock is owned by insiders.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of One Liberty Properties by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock worth $38,581,000 after purchasing an additional 8,772 shares during the period. Geode Capital Management LLC boosted its position in One Liberty Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after purchasing an additional 12,519 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $5,021,000 after purchasing an additional 1,246 shares during the period. Quantinno Capital Management LP grew its stake in One Liberty Properties by 31.3% during the 1st quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock worth $2,067,000 after buying an additional 22,961 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock worth $1,660,000 after buying an additional 13,259 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors and hedge funds.

About One Liberty Properties

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.