Renaissance Technologies LLC Reduces Position in One Liberty Properties, Inc. (NYSE:OLP)

Renaissance Technologies LLC lessened its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 628,051 shares of the real estate investment trust's stock after selling 24,800 shares during the period. Renaissance Technologies LLC owned 2.94% of One Liberty Properties worth $17,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in One Liberty Properties by 24.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 388 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of One Liberty Properties during the fourth quarter valued at approximately $100,000. Resona Asset Management Co. Ltd. bought a new stake in shares of One Liberty Properties in the 4th quarter worth approximately $164,000. BNP Paribas Financial Markets grew its stake in shares of One Liberty Properties by 80.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust's stock worth $174,000 after buying an additional 2,801 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in One Liberty Properties by 10.9% during the 4th quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 632 shares in the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised One Liberty Properties from a "hold" rating to a "buy" rating in a report on Saturday, March 15th.

Insider Activity at One Liberty Properties

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 shares were sold at an average price of $25.10, for a total value of $83,432.40. Following the completion of the sale, the executive vice president now owns 35,750 shares of the company's stock, valued at approximately $897,325. The trade was a 8.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.40% of the stock is currently owned by insiders.

One Liberty Properties Stock Up 0.2 %

Shares of OLP traded up $0.05 on Friday, hitting $24.22. 38,726 shares of the stock traded hands, compared to its average volume of 53,472. The company has a market capitalization of $522.77 million, a PE ratio of 14.95, a P/E/G ratio of 3.02 and a beta of 1.11. One Liberty Properties, Inc. has a one year low of $21.99 and a one year high of $30.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. The business has a 50 day simple moving average of $25.69 and a 200 day simple moving average of $26.78.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date of this dividend was Thursday, March 27th. One Liberty Properties's payout ratio is currently 128.57%.

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.