One Liberty Properties (NYSE:OLP) Share Price Passes Above 200 Day Moving Average – Time to Sell?

One Liberty Properties, Inc. (NYSE:OLP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.32 and traded as high as $29.61. One Liberty Properties shares last traded at $29.25, with a volume of 37,459 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

One Liberty Properties Trading Down 1.3 %

The stock has a market cap of $617.53 million, a PE ratio of 17.82, a PEG ratio of 3.47 and a beta of 1.39. The stock’s fifty day moving average price is $28.22 and its 200 day moving average price is $26.36. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The business had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 annualized dividend and a dividend yield of 6.23%. One Liberty Properties’s payout ratio is 111.11%.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in OLP. Future Financial Wealth Managment LLC bought a new position in shares of One Liberty Properties in the 3rd quarter worth approximately $83,000. SG Americas Securities LLC purchased a new stake in One Liberty Properties during the third quarter valued at approximately $160,000. BNP Paribas Financial Markets increased its holdings in One Liberty Properties by 80.1% during the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 2,801 shares during the last quarter. HighTower Advisors LLC bought a new position in One Liberty Properties in the third quarter worth approximately $201,000. Finally, Creative Planning boosted its stake in shares of One Liberty Properties by 4.3% during the 3rd quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 411 shares during the last quarter. Hedge funds and other 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.