Raymond James Financial Inc. purchased a new position in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,174 shares of the real estate investment trust's stock, valued at approximately $713,000. Raymond James Financial Inc. owned about 0.12% of One Liberty Properties as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in OLP. PNC Financial Services Group Inc. grew its holdings in shares of One Liberty Properties by 24.7% during 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 buying an additional 388 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of One Liberty Properties during the fourth quarter worth about $100,000. Resona Asset Management Co. Ltd. purchased a new position in shares of One Liberty Properties during the fourth quarter worth about $164,000. SG Americas Securities LLC grew its holdings in shares of One Liberty Properties by 10.9% during the fourth quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust's stock worth $175,000 after buying an additional 632 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of One Liberty Properties by 24.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust's stock worth $200,000 after buying an additional 1,415 shares during the last quarter. Hedge funds and other institutional investors own 36.24% of the company's stock.
One Liberty Properties Stock Performance
OLP traded up $0.54 during trading on Monday, reaching $24.04. The company's stock had a trading volume of 9,529 shares, compared to its average volume of 53,447. One Liberty Properties, Inc. has a 52-week low of $22.32 and a 52-week high of $30.45. The company's fifty day moving average price is $25.07 and its 200-day moving average price is $26.44. The company has a market capitalization of $519.12 million, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 3.02 and a beta of 1.14. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48.
One Liberty Properties (NYSE:OLP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $24.17 million for the quarter, compared to analyst estimates of $24.59 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. On average, equities analysts forecast that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.
One Liberty Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend was Thursday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is 133.33%.
Analyst Ratings Changes
Separately, StockNews.com lowered One Liberty Properties from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.
View Our Latest Stock Report on One Liberty Properties
Insider Transactions at One Liberty Properties
In related news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $25.10, for a total transaction of $83,432.40. Following the completion of the transaction, the executive vice president now directly owns 35,750 shares in the company, valued at $897,325. The trade was a 8.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 25.80% of the company's stock.
About One Liberty Properties
(
Free Report)
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.
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