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

One Liberty Properties, Inc. (NYSE:OLP) shares reached a new 52-week high on Thursday . The stock traded as high as $25.60 and last traded at $25.4550, with a volume of 53841 shares. The stock had previously closed at $24.46.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OLP shares. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. B. Riley Financial increased their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings raised 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 company’s stock. According to data from MarketBeat, One Liberty Properties currently has a consensus rating of “Hold” and a consensus target price of $28.50.

One Liberty Properties Stock Performance

The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. The company’s 50-day moving average is $24.02 and its two-hundred day moving average is $22.87. The firm has a market cap of $555.43 million, a P/E ratio of 20.04 and a beta of 0.88.

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

One Liberty Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Thursday, June 25th. One Liberty Properties’s payout ratio is presently 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 business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the transaction, the executive vice president owned 33,074 shares of the company’s stock, valued at approximately $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Lawrence Ricketts sold 6,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the transaction, 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 three months, insiders sold 14,676 shares of company stock worth $348,794. Insiders own 25.80% of the company’s stock.

Hedge Funds Weigh In On One Liberty Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLP. Public Employees Retirement System of Ohio boosted its holdings in shares of One Liberty Properties by 227.8% in the first quarter. Public Employees Retirement System of Ohio now owns 20,934 shares of the real estate investment trust’s stock worth $449,000 after acquiring an additional 14,548 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of One Liberty Properties by 29.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 3,219 shares during the last quarter. New York State Teachers Retirement System purchased a new position in One Liberty Properties in the 1st quarter worth approximately $36,000. Hsbc Holdings PLC purchased a new position in One Liberty Properties in the fourth quarter worth $411,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of One Liberty Properties by 13.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 25,020 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

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.