One Liberty Properties, Inc. (OLP) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of One Liberty Properties, Inc. (NYSE:OLP) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,286 shares of the real estate investment trust’s stock after purchasing an additional 1,120 shares during the period. Bank of New York Mellon Corp owned 0.80% of One Liberty Properties worth $3,450,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. RMR Advisors LLC increased its position in One Liberty Properties by 1.7% during the second quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 307 shares during the last quarter. Naples Global Advisors LLC increased its position in One Liberty Properties by 1.1% during the second quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 250 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in One Liberty Properties during the second quarter worth approximately $580,000. Bessemer Group Inc. increased its position in One Liberty Properties by 6.3% during the second quarter. Bessemer Group Inc. now owns 35,600 shares of the real estate investment trust’s stock worth $834,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in One Liberty Properties by 33.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock worth $1,888,000 after purchasing an additional 20,071 shares during the last quarter. 41.66% of the stock is owned by hedge funds and other institutional investors.

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Shares of One Liberty Properties, Inc. (NYSE:OLP) opened at 24.67 on Monday. The firm has a market cap of $459.58 million, a price-to-earnings ratio of 20.91 and a beta of 0.83. One Liberty Properties, Inc. has a 52-week low of $21.96 and a 52-week high of $25.89. The stock has a 50 day moving average of $24.14 and a 200 day moving average of $23.77.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Monday, September 25th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 6.97%. The ex-dividend date was Friday, September 22nd. One Liberty Properties’s payout ratio is presently 147.01%.

In related news, insider Lawrence Ricketts sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $24.14, for a total transaction of $168,980.00. Following the transaction, the insider now owns 113,302 shares of the company’s stock, valued at $2,735,110.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Justin Clair sold 2,839 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total transaction of $70,605.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,939 shares of company stock worth $290,112. Insiders own 8.60% of the company’s stock.

Several equities analysts recently commented on OLP shares. BidaskClub lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. FBR & Co initiated coverage on shares of One Liberty Properties in a research report on Monday, July 24th. They issued a “mkt perform” rating and a $25.50 price objective for the company. ValuEngine raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. DA Davidson initiated coverage on shares of One Liberty Properties in a research report on Monday, September 25th. They issued a “neutral” rating and a $25.00 price objective for the company. Finally, Zacks Investment Research lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $24.83.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

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Institutional Ownership by Quarter for One Liberty Properties (NYSE:OLP)

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