33,848 Shares in One Liberty Properties, Inc. $OLP Acquired by Globeflex Capital L P

Globeflex Capital L P acquired a new stake in One Liberty Properties, Inc. (NYSE:OLP) during the second quarter, Holdings Channel reports. The fund acquired 33,848 shares of the real estate investment trust’s stock, valued at approximately $827,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in One Liberty Properties during the second quarter worth about $1,207,000. Hsbc Holdings PLC purchased a new stake in One Liberty Properties during the 4th quarter valued at about $411,000. Quantinno Capital Management LP raised its holdings in One Liberty Properties by 31.3% in the 1st quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock valued at $2,067,000 after acquiring an additional 22,961 shares during the last quarter. Allworth Financial LP acquired a new stake in One Liberty Properties in the 2nd quarter valued at about $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in One Liberty Properties in the 2nd quarter worth approximately $305,000. Institutional investors and hedge funds own 36.24% of the company’s stock.

Insider Activity

In related news, COO Lawrence Ricketts sold 6,000 shares of One Liberty Properties stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the completion of the sale, the chief operating officer owned 165,522 shares in the company, valued at approximately $4,055,289. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Justin Clair sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.06, for a total value of $108,270.00. Following the completion of the sale, the executive vice president directly owned 34,153 shares in the company, valued at approximately $821,721.18. The trade was a 11.64% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 16,500 shares of company stock valued at $394,553. 26.20% of the stock is currently owned by insiders.

One Liberty Properties Trading Up 1.6%

Shares of One Liberty Properties stock opened at $24.55 on Tuesday. The stock has a 50 day moving average of $24.55 and a 200 day moving average of $23.58. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $537.54 million, a price-to-earnings ratio of 15.44 and a beta of 0.87. One Liberty Properties, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $25.88.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%.The company had revenue of $27.00 million for the quarter, compared to the consensus estimate of $26.78 million. As a group, research analysts predict that One Liberty Properties, Inc. will post 1.74 earnings per share for the current year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.3%. One Liberty Properties’s dividend payout ratio is presently 113.21%.

Analyst Upgrades and Downgrades

OLP has been the topic of several recent research reports. Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, B. Riley Financial boosted their price objective on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, One Liberty Properties has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.