One Liberty Properties (NYSE:OLP) Sees Strong Trading Volume

One Liberty Properties, Inc. (NYSE:OLP) saw strong trading volume on Friday . 37,721 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 52,337 shares.The stock last traded at $28.12 and had previously closed at $28.35.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th.

One Liberty Properties Stock Performance

The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98. The stock’s fifty day moving average is $26.17 and its two-hundred day moving average is $24.09. The firm has a market cap of $602.86 million, a price-to-earnings ratio of 20.85, a PEG ratio of 3.40 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. The firm had revenue of $21.80 million during the quarter, compared to analysts’ expectations of $22.37 million. On average, analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Tuesday, September 24th. One Liberty Properties’s dividend payout ratio is 132.35%.

Insider Buying and Selling

In other news, SVP Jeffrey Gould sold 9,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total value of $207,180.00. Following the sale, the senior vice president now owns 387,813 shares in the company, valued at $8,927,455.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other One Liberty Properties news, SVP Jeffrey Gould sold 9,000 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the completion of the transaction, the senior vice president now directly owns 387,813 shares in the company, valued at $8,927,455.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Justin Clair sold 3,800 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $24.27, for a total transaction of $92,226.00. Following the sale, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at approximately $952,573.23. The disclosure for this sale can be found here. In the last three months, insiders sold 29,714 shares of company stock valued at $709,258. Company insiders own 25.40% of the company’s stock.

Hedge Funds Weigh In On One Liberty Properties

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of One Liberty Properties by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 580 shares during the period. Fortis Group Advisors LLC raised its holdings in One Liberty Properties by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 634 shares during the period. Rhumbline Advisers boosted its position in shares of One Liberty Properties by 2.5% during the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 751 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of One Liberty Properties in the 1st quarter valued at $68,000. Finally, Dimensional Fund Advisors LP grew its stake in One Liberty Properties by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock valued at $5,713,000 after acquiring an additional 3,134 shares during the period. 36.24% of the stock is currently owned by institutional investors and hedge funds.

One Liberty Properties Company Profile

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.