GAMMA Investing LLC grew its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 3,024.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,431 shares of the real estate investment trust's stock after purchasing an additional 23,649 shares during the quarter. GAMMA Investing LLC owned about 0.11% of One Liberty Properties worth $642,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of OLP. JPMorgan Chase & Co. boosted 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 during the period. Northern Trust Corp boosted its position 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 acquiring an additional 27,746 shares during the period. Raymond James Financial Inc. purchased a new position in One Liberty Properties during the fourth quarter valued at approximately $713,000. Zacks Investment Management purchased a new position in One Liberty Properties during the fourth quarter valued at approximately $558,000. Finally, Proficio Capital Partners LLC bought a new stake in One Liberty Properties during the 4th quarter worth approximately $499,000. Hedge funds and other institutional investors own 36.24% of the company's stock.
Insiders Place Their Bets
In related news, COO Lawrence Ricketts sold 2,000 shares of the firm's 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 now owns 185,106 shares of the company's stock, valued at $4,623,947.88. This trade represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Justin Clair sold 3,324 shares of the business's 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 owns 35,750 shares of the company's stock, valued at approximately $897,325. The trade was a 8.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,724 shares of company stock worth $143,392 over the last three months. Company insiders own 25.80% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of One Liberty Properties from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.
Check Out Our Latest Stock Report on One Liberty Properties
One Liberty Properties Price Performance
NYSE OLP traded up $0.01 during trading on Thursday, reaching $25.01. The company's stock had a trading volume of 69,616 shares, compared to its average volume of 54,010. The firm has a fifty day moving average of $24.29 and a 200 day moving average of $25.73. One Liberty Properties, Inc. has a one year low of $22.32 and a one year high of $30.45. The stock has a market capitalization of $539.86 million, a PE ratio of 18.52, a P/E/G ratio of 3.01 and a beta of 1.12. 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 (NYSE:OLP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $24.17 million for the quarter, compared to analyst estimates of $24.59 million. One Liberty Properties had a net margin of 31.96% and a return on equity of 9.59%. Analysts expect that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.
One Liberty Properties Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a $0.45 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 7.20%. One Liberty Properties's dividend payout ratio is 133.33%.
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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