One Liberty Properties (NYSE:OLP) Sees Large Volume Increase

One Liberty Properties, Inc. (NYSE:OLP) shares saw unusually-high trading volume on Friday . Approximately 37,721 shares changed 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.

Wall Street Analyst Weigh In

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

One Liberty Properties Stock Down 0.4 %

The stock’s fifty day moving average price is $26.17 and its 200-day moving average price is $24.09. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $602.86 million, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.40 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. The firm had revenue of $21.80 million for the quarter, compared to analyst estimates of $22.37 million. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. On average, sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $1.80 dividend on an annualized basis and a yield of 6.37%. One Liberty Properties’s dividend payout ratio is 132.35%.

Insider Transactions at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the transaction, the executive vice president now owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the completion of the transaction, the executive vice president now directly owns 39,249 shares in the company, valued at approximately $1,045,200.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Lawrence Ricketts sold 4,756 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $24.14, for a total value of $114,809.84. Following the transaction, the chief operating officer now directly owns 187,345 shares in the company, valued at $4,522,508.30. The disclosure for this sale can be found here. Insiders have sold a total of 29,714 shares of company stock worth $709,258 in the last 90 days. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

A number of hedge funds have recently modified their holdings of OLP. Fortis Group Advisors LLC lifted its holdings in One Liberty Properties by 100.0% during the 4th 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 last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of One Liberty Properties in the first quarter valued at about $68,000. BNP Paribas Financial Markets grew its stake in shares of One Liberty Properties by 68.8% in the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 3,157 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in One Liberty Properties in the 1st quarter worth about $219,000. Finally, Vanguard Group Inc. raised its stake in One Liberty Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock worth $39,912,000 after purchasing an additional 10,490 shares in 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.