One Liberty Properties (NYSE:OLP) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of One Liberty Properties (NYSE:OLP) 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.

One Liberty Properties Stock Performance

NYSE OLP opened at $21.75 on Thursday. The firm has a market cap of $462.19 million, a price-to-earnings ratio of 15.76, a PEG ratio of 2.52 and a beta of 1.32. The company has a 50 day moving average of $21.62 and a 200-day moving average of $20.79. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.36. One Liberty Properties has a 1-year low of $17.55 and a 1-year high of $23.43.

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.