One Liberty Properties (NYSE: OLP) Hits New 52-Week Low at $ 24.68


Shares of One Liberty Properties, Inc. (NYSE: OLP – Get Rating) reached a new 52-week low during trading on Tuesday. The stock traded as low as $ 24.68 and last traded at $ 24.86, with a volume of 221 shares trading hands. The stock had previously closed at $ 25.27.

Several analysts recently commented on the stock. B. Riley cut their target price on shares of One Liberty Properties from $ 31.00 to $ 27.00 in a research note on Monday, May 16th. StockNews.com lowered shares of One Liberty Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 14th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, One Liberty Properties presently has an average rating of “Buy” and an average price target of $ 33.50.

The stock’s fifty-day moving average price is $ 28.10 and its 200-day moving average price is $ 30.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $ 530.32 million, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.46 and a beta of 1.37.

One Liberty Properties (NYSE: OLP – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $ 0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.15 by $ 0.29. One Liberty Properties had a net margin of 54.17% and a return on equity of 14.75%. As a group, equities research analysts predict that One Liberty Properties, Inc. will post 1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 6th. Shareholders of record on Tuesday, June 21st will be paid a $ 0.45 dividend. The ex-dividend date of this dividend is Friday, June 17th. This represents a $ 1.80 annualized dividend and a yield of 7.17%. One Liberty Properties’s dividend payout ratio is presently 84.11%.

A number of institutional investors have recently added to or reduced their stakes in OLP. Lazard Asset Management LLC acquired a new position in One Liberty Properties in the 1st quarter valued at approximately $ 29,000. TAP Consulting LLC acquired a new position in One Liberty Properties in the 4th quarter valued at approximately $ 30,000. UMB Bank NA MO acquired a new position in One Liberty Properties in the 4th quarter valued at approximately $ 57,000. Prospera Financial Services Inc acquired a new position in One Liberty Properties in the 1st quarter valued at approximately $ 73,000. Finally, Bogart Wealth LLC acquired a new position in One Liberty Properties in the 1st quarter valued at approximately $ 75,000. Hedge funds and other institutional investors own 39.98% of the company’s stock.

One Liberty Properties Company Profile (NYSE: OLP)

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, retail, restaurant, health and fitness and theater 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.

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