Northern Trust Corp Buys 27,746 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Northern Trust Corp boosted its stake in One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 311,166 shares of the real estate investment trust's stock after acquiring an additional 27,746 shares during the period. Northern Trust Corp owned 1.45% of One Liberty Properties worth $8,476,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OLP. Nisa Investment Advisors LLC boosted its holdings in shares of One Liberty Properties by 24.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust's stock worth $200,000 after buying an additional 1,415 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of One Liberty Properties in the 4th quarter worth $499,000. Truist Financial Corp bought a new position in shares of One Liberty Properties in the 4th quarter worth $224,000. SG Americas Securities LLC lifted its holdings in shares of One Liberty Properties by 10.9% in the 4th quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust's stock worth $175,000 after purchasing an additional 632 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of One Liberty Properties by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,537 shares of the real estate investment trust's stock worth $342,000 after purchasing an additional 1,045 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors.

One Liberty Properties Stock Performance

Shares of One Liberty Properties stock traded down $0.09 during trading hours on Friday, hitting $23.46. 26,250 shares of the company's stock traded hands, compared to its average volume of 53,640. One Liberty Properties, Inc. has a 12-month low of $22.32 and a 12-month high of $30.45. The stock has a market capitalization of $506.68 million, a price-to-earnings ratio of 14.48, a PEG ratio of 3.02 and a beta of 1.14. The company has a fifty day simple moving average of $24.57 and a 200-day simple moving average of $26.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48.

One Liberty Properties (NYSE:OLP - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The business had revenue of $24.17 million during the quarter, compared to the consensus estimate of $24.59 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. Equities research analysts anticipate that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Thursday, March 27th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.67%. One Liberty Properties's dividend payout ratio is 133.33%.

Insiders Place Their Bets

In other One Liberty Properties news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $25.10, for a total value of $83,432.40. Following the transaction, the executive vice president now directly owns 35,750 shares of the company's stock, valued at $897,325. The trade was a 8.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 25.80% of the company's stock.

Analysts Set New Price Targets

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

One Liberty Properties Company 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.