Bailard Inc. acquired a new position in One Liberty Properties, Inc. (NYSE:OLP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,100 shares of the real estate investment trust's stock, valued at approximately $318,000. Bailard Inc. owned 0.06% of One Liberty Properties at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of OLP. PNC Financial Services Group Inc. increased its stake in shares of One Liberty Properties by 24.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 388 shares in the last quarter. Martingale Asset Management L P grew its holdings in One Liberty Properties by 1.7% during the fourth quarter. Martingale Asset Management L P now owns 23,516 shares of the real estate investment trust's stock valued at $641,000 after purchasing an additional 400 shares during the period. Larson Financial Group LLC increased its position in One Liberty Properties by 127.5% in the first quarter. Larson Financial Group LLC now owns 1,060 shares of the real estate investment trust's stock worth $28,000 after buying an additional 594 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of One Liberty Properties by 6.5% in the fourth quarter. Guggenheim Capital LLC now owns 13,544 shares of the real estate investment trust's stock worth $369,000 after buying an additional 827 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of One Liberty Properties by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,857 shares of the real estate investment trust's stock worth $3,537,000 after buying an additional 929 shares during the period. Hedge funds and other institutional investors own 36.24% of the company's stock.
One Liberty Properties Price Performance
Shares of OLP stock traded down $0.28 on Thursday, hitting $23.16. 47,814 shares of the stock traded hands, compared to its average volume of 69,457. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.79 and a quick ratio of 1.79. One Liberty Properties, Inc. has a 52 week low of $22.32 and a 52 week high of $30.45. The firm has a 50 day simple moving average of $24.28 and a two-hundred day simple moving average of $25.00. The firm has a market cap of $500.05 million, a price-to-earnings ratio of 17.16, a PEG ratio of 2.82 and a beta of 1.10.
One Liberty Properties (NYSE:OLP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. The business had revenue of $24.17 million for the quarter, compared to analysts' expectations of $24.59 million. One Liberty Properties had a return on equity of 9.59% and a net margin of 31.96%. As a group, equities research analysts predict that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.
One Liberty Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were issued a $0.45 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.77%. One Liberty Properties's dividend payout ratio is presently 133.33%.
Insiders Place Their Bets
In other One Liberty Properties news, COO Lawrence Ricketts sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total transaction of $49,960.00. Following the completion of the sale, the chief operating officer directly owned 185,106 shares of the company's stock, valued at $4,623,947.88. This trade represents a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 25.80% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of One Liberty Properties from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.
Read Our Latest Report on OLP
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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