Diligent Investors LLC cut its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,642 shares of the real estate investment trust’s stock after selling 2,514 shares during the quarter. Diligent Investors LLC owned 0.05% of One Liberty Properties worth $302,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of One Liberty Properties by 6.8% in the 1st quarter. BlackRock Inc. now owns 1,419,321 shares of the real estate investment trust’s stock worth $31,608,000 after purchasing an additional 90,313 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of One Liberty Properties by 11.5% during the 1st quarter. Geode Capital Management LLC now owns 333,045 shares of the real estate investment trust’s stock worth $7,416,000 after acquiring an additional 34,371 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of One Liberty Properties by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 239,075 shares of the real estate investment trust’s stock worth $4,798,000 after acquiring an additional 3,040 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in One Liberty Properties by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 103,336 shares of the real estate investment trust’s stock valued at $2,302,000 after buying an additional 9,763 shares during the period. Finally, Jane Street Group LLC purchased a new stake in One Liberty Properties during the 1st quarter valued at $1,027,000. 41.77% of the stock is currently owned by institutional investors.
A number of equities analysts have recently issued reports on OLP shares. Aegis increased their price target on One Liberty Properties from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 9th. Colliers Securities started coverage on One Liberty Properties in a research report on Friday, September 3rd. They set a “neutral” rating and a $34.00 price objective on the stock. Collins Stewart started coverage on One Liberty Properties in a research report on Friday, September 3rd. They set a “neutral” rating and a $34.00 price objective on the stock. Finally, Zacks Investment Research downgraded One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, July 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $29.67.
One Liberty Properties stock opened at $30.92 on Friday. One Liberty Properties, Inc. has a 12 month low of $14.93 and a 12 month high of $32.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $644.25 million, a PE ratio of 14.87, a price-to-earnings-growth ratio of 2.93 and a beta of 1.43. The business has a 50 day simple moving average of $30.85 and a 200-day simple moving average of $27.46.
One Liberty Properties (NYSE:OLP) last issued its quarterly earnings results on Wednesday, August 4th. The real estate investment trust reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.96. One Liberty Properties had a return on equity of 14.79% and a net margin of 53.78%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 7th. Investors of record on Monday, September 27th will be given a $0.45 dividend. The ex-dividend date is Friday, September 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.82%. One Liberty Properties’s dividend payout ratio (DPR) is presently 94.74%.
About One Liberty Properties
One Liberty Properties, Inc operates as a real estate investment trust, which acquires, owns, and manages a geographically diversified portfolio of retail, industrial, office, and other properties under long term leases. Its leases are net leases and ground leases, under which the tenant is responsible for real estate taxes, insurance and ordinary maintenance and repairs.
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