One Liberty Properties (NYSE:OLP) Sets New 1-Year High – Should You Buy?

Shares of One Liberty Properties, Inc. (NYSE:OLP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $30.03 and last traded at $30.03, with a volume of 6741 shares traded. The stock had previously closed at $29.51.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on OLP shares. StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. B. Riley lifted their price target on shares of One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th.

One Liberty Properties Stock Performance

The stock has a 50 day simple moving average of $27.74 and a 200 day simple moving average of $25.89. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The company has a market cap of $644.91 million, a price-to-earnings ratio of 18.61, a PEG ratio of 3.46 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.18). One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The company had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. As a group, analysts predict that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

One Liberty Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $1.80 dividend on an annualized basis and a yield of 5.97%. One Liberty Properties’s payout ratio is currently 111.11%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Creative Planning grew its stake in One Liberty Properties by 4.3% during the 3rd quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 411 shares in the last quarter. Franklin Resources Inc. grew its position in shares of One Liberty Properties by 4.6% during the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 440 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of One Liberty Properties by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 580 shares during the last quarter. Rhumbline Advisers raised its holdings in One Liberty Properties by 2.5% in the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock valued at $721,000 after acquiring an additional 751 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in One Liberty Properties by 7.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 1,561 shares during the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

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.