Nuveen LLC Makes New Investment in One Liberty Properties, Inc. $OLP

Key Points

• Nuveen LLC has invested approximately $1.30 million in One Liberty Properties, acquiring 49,584 shares during the first quarter, representing about 0.23% of the company.
• One Liberty Properties reported a quarterly earnings per share (EPS) of $0.49, matching analysts’ expectations, with a revenue of $24.55 million, slightly below the projected $25.00 million.
• The firm's recent quarterly dividend was set at $0.45, translating to an annualized dividend of $1.80 and a yield of 7.5%, despite a high payout ratio of 139.53%.

Nuveen LLC acquired a new stake in One Liberty Properties, Inc. (NYSE:OLP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 49,584 shares of the real estate investment trust's stock, valued at approximately $1,303,000. Nuveen LLC owned about 0.23% of One Liberty Properties at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OLP. Northern Trust Corp raised its stake in shares of One Liberty Properties by 9.8% during 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 last quarter. Dimensional Fund Advisors LP raised its stake in shares of One Liberty Properties by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 247,150 shares of the real estate investment trust's stock valued at $6,732,000 after acquiring an additional 1,171 shares during the last quarter. Penserra Capital Management LLC raised its stake in One Liberty Properties by 21.0% during the first quarter. Penserra Capital Management LLC now owns 38,931 shares of the real estate investment trust's stock worth $1,022,000 after buying an additional 6,751 shares during the last quarter. Barclays PLC raised its stake in One Liberty Properties by 11.7% during the fourth quarter. Barclays PLC now owns 27,479 shares of the real estate investment trust's stock worth $748,000 after buying an additional 2,873 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in One Liberty Properties during the fourth quarter worth $713,000. 36.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at One Liberty Properties

In related news, COO Lawrence Ricketts sold 2,000 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was 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 owned 185,106 shares in the company, valued at approximately $4,623,947.88. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 25.80% of the company's stock.

One Liberty Properties Trading Up 0.1%

OLP stock traded up $0.04 during mid-day trading on Friday, reaching $23.60. The company's stock had a trading volume of 50,845 shares, compared to its average volume of 63,405. One Liberty Properties, Inc. has a 12 month low of $21.94 and a 12 month high of $30.45. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.50. The company has a market cap of $509.65 million, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.84 and a beta of 1.11. The business's 50 day moving average price is $23.30 and its 200 day moving average price is $24.40.

One Liberty Properties (NYSE:OLP - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. The firm had revenue of $24.55 million during the quarter, compared to the consensus estimate of $25.00 million. On average, equities research analysts predict that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

About One Liberty Properties

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.