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

One Liberty Properties, Inc. (NYSE:OLP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.47 and traded as high as $24.21. One Liberty Properties shares last traded at $23.7870, with a volume of 77,535 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OLP. Weiss Ratings reissued a “sell (d-)” rating on shares of One Liberty Properties in a research report on Tuesday, June 9th. B. Riley Financial lifted their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment 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, the company currently has an average rating of “Hold” and an average price target of $28.50.

One Liberty Properties Price Performance

The firm has a fifty day moving average of $23.56 and a 200 day moving average of $22.48. 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 has a market capitalization of $531.32 million, a P/E ratio of 19.17 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.22. The business had revenue of $28.29 million for 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%. On average, equities research analysts anticipate that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, June 25th. One Liberty Properties’s payout ratio is presently 141.73%.

Insider Buying and Selling

In related news, COO Lawrence Ricketts sold 2,999 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $21.86, for a total value of $65,558.14. Following the sale, the chief operating officer owned 177,522 shares in the company, valued at approximately $3,880,630.92. This trade represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Justin Clair sold 2,676 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the sale, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. This represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. 25.80% of the stock is owned by corporate insiders.

Institutional Trading of One Liberty Properties

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