Bank of New York Mellon Corp bought a new stake in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 117,049 shares of the real estate investment trust's stock, valued at approximately $2,858,000. Bank of New York Mellon Corp owned about 0.54% of One Liberty Properties as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. US Bancorp DE boosted its position in shares of One Liberty Properties by 62.7% during the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust's stock valued at $240,000 after purchasing an additional 585 shares in the last quarter. Legal & General Group Plc raised its holdings in One Liberty Properties by 4.7% during the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust's stock valued at $489,000 after acquiring an additional 996 shares during the period. Dimensional Fund Advisors LP boosted its stake in One Liberty Properties by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust's stock worth $5,021,000 after purchasing an additional 1,246 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of One Liberty Properties by 9.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,420 shares of the real estate investment trust's stock worth $354,000 after acquiring an additional 1,454 shares during the last quarter. Institutional investors own 36.24% of the company's stock.
Insider Buying and Selling at One Liberty Properties
In other One Liberty Properties news, COO Lawrence Ricketts sold 6,000 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the transaction, the chief operating officer owned 165,522 shares of the company's stock, valued at $4,055,289. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Justin Clair sold 4,500 shares of One Liberty Properties stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.06, for a total value of $108,270.00. Following the completion of the sale, the executive vice president directly owned 34,153 shares of the company's stock, valued at $821,721.18. The trade was a 11.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,500 shares of company stock worth $394,553. Corporate insiders own 26.20% of the company's stock.
One Liberty Properties Stock Performance
NYSE OLP opened at $23.95 on Monday. The stock has a 50-day simple moving average of $24.52 and a two-hundred day simple moving average of $23.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $524.50 million, a P/E ratio of 15.06 and a beta of 0.86. One Liberty Properties, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $25.88.
One Liberty Properties (NYSE:OLP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%.The firm had revenue of $27.00 million during the quarter, compared to analyst estimates of $26.78 million. On average, equities analysts forecast that One Liberty Properties, Inc. will post 1.74 earnings per share for the current year.
One Liberty Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties's payout ratio is presently 113.21%.
Analysts Set New Price Targets
Several research firms have weighed in on OLP. Weiss Ratings upgraded One Liberty Properties from a "sell (d-)" rating to a "sell (d)" rating in a report on Wednesday, July 1st. B. Riley Financial raised their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a "buy" rating in a research note on Tuesday, June 9th. Finally, Zacks Research raised shares of One Liberty Properties from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.50.
Check Out Our Latest Stock Report on OLP
About One Liberty Properties
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Free Report)
One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty's strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.
Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.
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