Rhumbline Advisers Grows Stock Holdings in One Liberty Properties, Inc. (NYSE:OLP)

Rhumbline Advisers increased its position in One Liberty Properties, Inc. (NYSE:OLP) by 2.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,704 shares of the real estate investment trust’s stock after acquiring an additional 751 shares during the quarter. Rhumbline Advisers’ holdings in One Liberty Properties were worth $721,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in One Liberty Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock valued at $39,912,000 after purchasing an additional 10,490 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in One Liberty Properties by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock valued at $2,374,000 after acquiring an additional 6,868 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in One Liberty Properties by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 580 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of One Liberty Properties in the 1st quarter valued at approximately $219,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of One Liberty Properties by 68.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 3,157 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Price Performance

NYSE OLP opened at $27.16 on Wednesday. The stock has a 50-day moving average of $26.34 and a 200 day moving average of $24.26. One Liberty Properties, Inc. has a one year low of $17.55 and a one year high of $28.80. The company has a market capitalization of $572.15 million, a price-to-earnings ratio of 19.97, a PEG ratio of 3.40 and a beta of 1.36. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.06. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. The business had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $22.37 million. On average, sell-side analysts forecast that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.63%. The ex-dividend date is Tuesday, September 24th. One Liberty Properties’s dividend payout ratio is 132.35%.

Analysts Set New Price Targets

Separately, B. Riley lifted their price objective on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.

Insider Activity at One Liberty Properties

In other news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total transaction of $83,218.75. Following the sale, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Justin Clair sold 3,125 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the completion of the transaction, the executive vice president now directly owns 39,249 shares in the company, valued at approximately $1,045,200.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey Gould sold 9,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total transaction of $207,180.00. Following the sale, the senior vice president now owns 387,813 shares in the company, valued at $8,927,455.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,914 shares of company stock worth $617,032. 25.40% of the stock is owned by corporate insiders.

One Liberty Properties Company Profile

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.