One Liberty Properties (NYSE:OLP) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of One Liberty Properties, Inc. (NYSE:OLP) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.14 and traded as high as $25.45. One Liberty Properties shares last traded at $25.28, with a volume of 88,896 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have commented on OLP shares. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. Zacks Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, B. Riley Financial upped their price objective on One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

One Liberty Properties Stock Down 0.7%

The firm has a market cap of $543.73 million, a P/E ratio of 19.62 and a beta of 0.88. The firm’s 50 day moving average is $24.40 and its two-hundred day moving average is $23.17. The company has a current ratio of 1.95, a quick 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, beating the consensus estimate of $0.26 by $0.22. The firm had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a $0.45 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.2%. One Liberty Properties’s dividend 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 dated Friday, May 8th. The stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the sale, the executive vice president directly owned 33,074 shares in the company, valued at $772,608.64. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lawrence Ricketts sold 6,000 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the completion of the sale, the chief operating officer owned 165,522 shares of the company’s stock, 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. Insiders have sold a total of 14,676 shares of company stock worth $348,794 in the last ninety days. 25.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On One Liberty Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC increased its stake in One Liberty Properties by 172.5% during the 1st quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 31,313 shares in the last quarter. Strs Ohio bought a new position in One Liberty Properties in the first quarter valued at approximately $76,000. Legal & General Group Plc lifted its stake in One Liberty Properties by 13.9% in the second quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 2,571 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of One Liberty Properties by 17.4% in the second quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust’s stock valued at $804,000 after buying an additional 5,001 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of One Liberty Properties by 6.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 585 shares during the period. 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.