GSA Capital Partners LLP Buys New Position in One Liberty Properties, Inc. $OLP

Key Points

• GSA Capital Partners acquired 49,438 shares of One Liberty Properties in the second quarter, valued at approximately $1.2 million, giving it a 0.23% stake. Institutional investors collectively own 36.24% of the REIT.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and a $28.50 price target. One Liberty recently beat quarterly earnings expectations, reporting $0.71 EPS versus the $0.67 consensus and $27 million in revenue.
• The company declared a quarterly dividend of $0.45 per share, equivalent to $1.80 annually and a 7.4% yield. However, its dividend payout ratio stands at a high 113.21%, while insiders have sold 12,000 shares over the past 90 days.

GSA Capital Partners LLP purchased a new position in One Liberty Properties, Inc. (NYSE:OLP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 49,438 shares of the real estate investment trust's stock, valued at approximately $1,207,000. GSA Capital Partners LLP owned 0.23% of One Liberty Properties as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in OLP. US Bancorp DE raised its holdings in One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 490 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of One Liberty Properties in the 1st quarter worth about $36,000. Camelot Portfolios LLC bought a new stake in shares of One Liberty Properties during the 4th quarter valued at about $51,000. Russell Investments Group Ltd. boosted its stake in shares of One Liberty Properties by 607.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 2,291 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of One Liberty Properties during the first quarter valued at about $76,000. Institutional investors own 36.24% of the company's stock.

Insider Buying and Selling

In related news, COO Lawrence Ricketts sold 6,000 shares of the business's 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 sale, the chief operating officer owned 165,522 shares of the company's stock, valued at $4,055,289. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 12,000 shares of company stock worth $286,283 over the last 90 days. Insiders own 26.20% of the company's stock.

Wall Street Analyst Weigh In

OLP has been the subject of a number of research reports. Weiss Ratings raised shares of One Liberty Properties from a "sell (d-)" rating to a "sell (d)" rating in a research note on Wednesday, July 1st. B. Riley Financial lifted their price objective on One Liberty Properties from $27.50 to $28.50 and gave the company a "buy" rating in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded One Liberty Properties from a "hold" rating to a "strong-buy" rating in a 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $28.50.

One Liberty Properties Price Performance

OLP opened at $24.25 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.73. The company has a market cap of $529.38 million, a price-to-earnings ratio of 15.25 and a beta of 0.87. The stock has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $23.47. One Liberty Properties, Inc. has a 12-month low of $19.62 and a 12-month high of $25.88.

One Liberty Properties (NYSE:OLP - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $27.00 million for the quarter, compared to analysts' expectations of $26.78 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. Research analysts predict that One Liberty Properties, Inc. will post 1.74 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 Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties's dividend payout ratio (DPR) is 113.21%.

About One Liberty Properties

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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