GAMMA Investing LLC Buys 23,649 Shares of One Liberty Properties, Inc. (NYSE:OLP)

GAMMA Investing LLC raised its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 3,024.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,431 shares of the real estate investment trust's stock after acquiring an additional 23,649 shares during the period. GAMMA Investing LLC owned approximately 0.11% of One Liberty Properties worth $642,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in One Liberty Properties by 215.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 1,098 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in One Liberty Properties by 24.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 388 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in One Liberty Properties during the 4th quarter valued at $100,000. Lazard Asset Management LLC raised its stake in One Liberty Properties by 934.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust's stock valued at $148,000 after acquiring an additional 4,917 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of One Liberty Properties during the 4th quarter valued at $164,000. Institutional investors own 36.24% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut One Liberty Properties from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

Insider Buying and Selling

In other news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction 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 transaction, the executive vice president now owns 35,750 shares in the company, valued at approximately $897,325. The trade was a 8.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total value of $49,960.00. Following the sale, the chief operating officer now directly owns 185,106 shares of the company's stock, valued at approximately $4,623,947.88. The trade was a 1.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,724 shares of company stock worth $143,392 in the last three months. 25.40% of the stock is currently owned by insiders.

One Liberty Properties Price Performance

Shares of OLP stock traded down $0.09 during mid-day trading on Friday, hitting $24.90. 106,456 shares of the stock traded hands, compared to its average volume of 54,010. One Liberty Properties, Inc. has a twelve month low of $22.32 and a twelve month high of $30.45. The firm has a market cap of $537.59 million, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 3.00 and a beta of 1.13. The company's 50-day simple moving average is $24.35 and its 200-day simple moving average is $25.61. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.79 and a current 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. One Liberty Properties had a return on equity of 9.59% and a net margin of 31.96%. The company had revenue of $24.17 million for the quarter, compared to analysts' expectations of $24.59 million. As a group, equities research analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Wednesday, June 25th. One Liberty Properties's payout ratio is 133.33%.

One Liberty Properties Profile

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.