Swiss National Bank raised its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,100 shares of the real estate investment trust’s stock after acquiring an additional 600 shares during the period. Swiss National Bank owned approximately 0.14% of One Liberty Properties worth $785,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of OLP. Atlantic Union Bankshares Corp bought a new stake in shares of One Liberty Properties in the second quarter valued at approximately $3,203,000. Martingale Asset Management L P boosted its stake in shares of One Liberty Properties by 8.7% in the first quarter. Martingale Asset Management L P now owns 146,750 shares of the real estate investment trust’s stock valued at $4,256,000 after buying an additional 11,700 shares during the period. Bessemer Group Inc. raised its position in One Liberty Properties by 26.8% during the second quarter. Bessemer Group Inc. now owns 51,100 shares of the real estate investment trust’s stock valued at $1,480,000 after purchasing an additional 10,800 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in One Liberty Properties by 91.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,789 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 8,014 shares in the last quarter. Finally, Eidelman Virant Capital acquired a new position in One Liberty Properties during the second quarter valued at approximately $215,000. Institutional investors own 42.21% of the company’s stock.
Shares of One Liberty Properties stock traded up $0.02 during trading on Friday, hitting $28.00. The company’s stock had a trading volume of 11,370 shares, compared to its average volume of 34,981. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.70 and a quick ratio of 1.70. One Liberty Properties, Inc. has a 52 week low of $23.02 and a 52 week high of $31.78. The stock has a market cap of $541.63 million, a price-to-earnings ratio of 13.15 and a beta of 0.74. The stock has a 50-day moving average price of $27.78 and a two-hundred day moving average price of $28.58.
One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). The business had revenue of $20.72 million during the quarter, compared to the consensus estimate of $21.46 million. One Liberty Properties had a return on equity of 6.15% and a net margin of 22.49%. On average, equities analysts predict that One Liberty Properties, Inc. will post 1.86 EPS for the current fiscal year.
The company also recently declared a — dividend, which will be paid on Thursday, October 10th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 24th. This represents a yield of 6.4%. One Liberty Properties’s dividend payout ratio (DPR) is currently 84.51%.
Several research analysts have commented on the stock. ValuEngine downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Zacks Investment Research cut shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. Finally, B. Riley boosted their price objective on shares of One Liberty Properties from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th.
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, retail, restaurant, health and fitness, and theater 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.
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