One Liberty Properties (NYSE:OLP) Share Price Passes Above 200 Day Moving Average – Here’s Why

One Liberty Properties, Inc. (NYSE:OLP)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.08 and traded as high as $23.74. One Liberty Properties shares last traded at $23.6850, with a volume of 43,071 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OLP. Wall Street Zen raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. B. Riley Financial reaffirmed a “buy” rating and set a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.50.

One Liberty Properties Trading Up 2.1%

The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s 50-day simple moving average is $22.89 and its 200-day simple moving average is $22.08. The firm has a market capitalization of $516.81 million, a PE ratio of 18.65 and a beta of 0.90.

One Liberty Properties (NYSE:OLP) last posted 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. The firm had revenue of $28.29 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that One Liberty Properties, Inc. will post 1.71 EPS for the current fiscal year.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $22.64, for a total value of $113,200.00. Following the completion of the sale, the chief operating officer directly owned 183,021 shares in the company, valued at $4,143,595.44. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Justin Clair sold 2,676 shares of One Liberty Properties stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the sale, the executive vice president directly owned 33,074 shares in the company, valued at approximately $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,167 shares of company stock valued at $392,614. 25.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new stake in One Liberty Properties in the third quarter worth $666,000. Hsbc Holdings PLC purchased a new position in One Liberty Properties during the fourth quarter valued at $411,000. New York State Teachers Retirement System bought a new stake in shares of One Liberty Properties during the 1st quarter valued at $36,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of One Liberty Properties by 13.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 25,020 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 3,000 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of One Liberty Properties by 108.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,825 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 5,624 shares during the period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

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.