Zacks Investment Management Makes New Investment in One Liberty Properties, Inc. (NYSE:OLP)

Zacks Investment Management bought a new position in One Liberty Properties, Inc. (NYSE:OLP - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 20,481 shares of the real estate investment trust's stock, valued at approximately $558,000. Zacks Investment Management owned 0.10% of One Liberty Properties at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. boosted its position in shares of One Liberty Properties by 24.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 388 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in One Liberty Properties during the 4th quarter valued at $100,000. Resona Asset Management Co. Ltd. acquired a new position in shares of One Liberty Properties during the fourth quarter valued at $164,000. SG Americas Securities LLC lifted its holdings in shares of One Liberty Properties by 10.9% in the fourth 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 during the period. Finally, Nisa Investment Advisors LLC raised its position in One Liberty Properties by 24.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust's stock valued at $200,000 after buying an additional 1,415 shares during the period. Institutional investors own 36.24% of the company's stock.

One Liberty Properties Trading Down 1.1 %

Shares of NYSE:OLP traded down $0.28 on Friday, reaching $23.90. 6,811 shares of the company traded hands, compared to its average volume of 58,466. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties, Inc. has a 52 week low of $22.32 and a 52 week high of $30.45. The business's 50-day simple moving average is $25.55 and its 200 day simple moving average is $26.71. The stock has a market capitalization of $515.82 million, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 3.02 and a beta of 1.11.

One Liberty Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date was Thursday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is 128.57%.

Analysts Set New Price Targets

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

Insider Activity

In other news, EVP Justin Clair sold 3,324 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $25.10, for a total transaction of $83,432.40. Following the completion of the transaction, the executive vice president now directly owns 35,750 shares in the company, valued at approximately $897,325. This represents a 8.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 25.40% of the company's stock.

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.