Vanguard Group Inc. Lowers Stock Position in One Liberty Properties, Inc. $OLP

Key Points

• Vanguard Group Inc. reduced its stake in One Liberty Properties, Inc. by 1.7%, now holding approximately 7.88% of the company, valued at $44.68 million.
• One Liberty Properties recently reported earnings of $0.49 per share, meeting analysts' expectations, while its revenue was slightly below forecast at $24.55 million.
• The company declared a quarterly dividend of $0.45 per share, yielding approximately 7.8%, but maintains a high payout ratio of 139.53%.

Vanguard Group Inc. reduced its holdings in One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 1.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,700,914 shares of the real estate investment trust's stock after selling 29,249 shares during the period. Vanguard Group Inc. owned approximately 7.88% of One Liberty Properties worth $44,683,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC lifted its holdings in shares of One Liberty Properties by 127.5% in the 1st quarter. Larson Financial Group LLC now owns 1,060 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 594 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of One Liberty Properties by 215.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 1,098 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of One Liberty Properties by 63.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,191 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 1,235 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of One Liberty Properties in the 1st quarter worth about $97,000. Finally, Vestcor Inc bought a new stake in shares of One Liberty Properties in the 1st quarter worth about $105,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

One Liberty Properties Trading Up 2.6%

One Liberty Properties stock traded up $0.59 during trading hours on Friday, hitting $23.87. The company had a trading volume of 73,868 shares, compared to its average volume of 65,276. The firm has a market cap of $515.68 million, a P/E ratio of 18.51, a P/E/G ratio of 2.88 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.07 and a current ratio of 2.07. One Liberty Properties, Inc. has a 1 year low of $21.94 and a 1 year high of $30.45. The company has a 50-day moving average price of $23.39 and a two-hundred day moving average price of $24.47.

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

One Liberty Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend was Wednesday, June 25th. One Liberty Properties's payout ratio is 139.53%.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 2,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total value of $49,960.00. Following the completion of the sale, the chief operating officer directly owned 185,106 shares of the company's stock, valued at $4,623,947.88. The trade was a 1.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.40% of the stock is currently owned by company insiders.

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.