StockNews.com downgraded shares of One Liberty Properties (NYSE:OLP – Free Report) from a buy rating to a hold rating in a report released on Thursday morning.
Separately, B. Riley increased their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the company a buy rating in a research note on Monday.
Read Our Latest Stock Analysis on OLP
One Liberty Properties Stock Performance
One Liberty Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.80 annualized dividend and a dividend yield of 8.28%. One Liberty Properties’s dividend payout ratio (DPR) is currently 130.44%.
Institutional Trading of One Liberty Properties
Several hedge funds have recently modified their holdings of OLP. BlackRock Inc. grew its stake in shares of One Liberty Properties by 5.1% during the second quarter. BlackRock Inc. now owns 1,331,365 shares of the real estate investment trust’s stock valued at $27,053,000 after purchasing an additional 64,371 shares during the last quarter. Jane Street Group LLC boosted its stake in One Liberty Properties by 481.0% in the first quarter. Jane Street Group LLC now owns 64,954 shares of the real estate investment trust’s stock valued at $2,000,000 after acquiring an additional 53,775 shares during the last quarter. Zacks Investment Management bought a new position in One Liberty Properties in the second quarter valued at approximately $838,000. Virginia Retirement Systems ET AL bought a new position in One Liberty Properties in the second quarter valued at approximately $642,000. Finally, CI Private Wealth LLC bought a new position in One Liberty Properties in the fourth quarter valued at approximately $688,000. 36.24% of the stock is owned by institutional investors.
About One Liberty Properties
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
Further Reading
- Five stocks we like better than One Liberty Properties
- 3 Tickers Leading a Meme Stock Revival
- Comprehensive PepsiCo Stock Analysis
- What Is WallStreetBets and What Stocks Are They Targeting?
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- The How and Why of Investing in Gold Stocks
- Bear Market Funds to Watch This Year
Receive News & Ratings for One Liberty Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for One Liberty Properties and related companies with MarketBeat.com's FREE daily email newsletter.