One Liberty Properties (NYSE:OLP) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a buy rating in a report issued on Saturday.

One Liberty Properties Price Performance

One Liberty Properties stock opened at $26.27 on Friday. The firm has a fifty day moving average of $26.02 and a 200-day moving average of $27.18. One Liberty Properties has a 52-week low of $21.11 and a 52-week high of $30.45. 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 firm has a market capitalization of $567.09 million, a P/E ratio of 16.22, a PEG ratio of 3.02 and a beta of 1.38.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Thursday, March 27th. One Liberty Properties’s dividend payout ratio is presently 128.57%.

Institutional Trading of One Liberty Properties

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in One Liberty Properties by 215.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,098 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of One Liberty Properties by 24.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 388 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in One Liberty Properties in the fourth quarter valued at about $100,000. Lazard Asset Management LLC grew its stake in One Liberty Properties by 934.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 4,917 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new stake in One Liberty Properties during the 4th quarter worth approximately $164,000. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.