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

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

Separately, B. Riley increased their price objective 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

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

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 27th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.28%. The ex-dividend date was Tuesday, March 26th. One Liberty Properties’s payout ratio is 130.44%.

Hedge Funds Weigh In On One Liberty Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in One Liberty Properties in the 1st quarter valued at approximately $29,000. Fortis Group Advisors LLC raised its stake in shares of One Liberty Properties by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 634 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of One Liberty Properties during the third quarter valued at $27,000. Tower Research Capital LLC TRC raised its stake in shares of One Liberty Properties by 235.4% during the second quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of One Liberty Properties during the fourth quarter valued at $45,000. Institutional investors own 36.24% of the company’s stock.

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.