One Liberty Properties (NYSE:OLP) Sees Strong Trading Volume – Time to Buy?

One Liberty Properties, Inc. (NYSE:OLP) saw an uptick in trading volume on Monday . 61,713 shares traded hands during trading, an increase of 36% from the previous session’s volume of 45,440 shares.The stock last traded at $25.81 and had previously closed at $25.60.

Analyst Upgrades and Downgrades

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

One Liberty Properties Stock Up 1.9 %

The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $27.09. The company has a market cap of $557.77 million, a PE ratio of 16.07, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend was Monday, December 23rd. One Liberty Properties’s dividend payout ratio is currently 111.11%.

Institutional Trading of One Liberty Properties

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in One Liberty Properties by 87.2% in the 4th quarter. JPMorgan Chase & Co. now owns 64,840 shares of the real estate investment trust’s stock worth $1,766,000 after purchasing an additional 30,204 shares in the last quarter. Northern Trust Corp increased its holdings in shares of One Liberty Properties by 9.8% in the fourth quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust’s stock valued at $8,476,000 after purchasing an additional 27,746 shares during the last quarter. Raymond James Financial Inc. purchased a new position in One Liberty Properties during the fourth quarter worth approximately $713,000. Zacks Investment Management acquired a new position in One Liberty Properties during the fourth quarter worth $558,000. Finally, Barclays PLC grew its holdings in One Liberty Properties by 310.8% in the 3rd quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 18,616 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

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.