One Liberty Properties, Inc. $OLP Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of One Liberty Properties, Inc. (NYSE:OLPFree Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 514,751 shares of the real estate investment trust’s stock after selling 27,300 shares during the quarter. Renaissance Technologies LLC owned 2.36% of One Liberty Properties worth $11,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in shares of One Liberty Properties during the first quarter worth about $36,000. Camelot Portfolios LLC purchased a new stake in shares of One Liberty Properties during the fourth quarter worth about $51,000. Russell Investments Group Ltd. grew its stake in shares of One Liberty Properties by 607.7% during the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 2,291 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of One Liberty Properties during the first quarter valued at about $76,000. 36.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. Zacks Research upgraded shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, B. Riley Financial raised their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

Read Our Latest Report on One Liberty Properties

Insider Buying and Selling

In related news, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the sale, the chief operating officer owned 165,522 shares in the company, valued at $4,055,289. This represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Justin Clair sold 2,676 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the transaction, the executive vice president owned 33,074 shares in the company, valued at approximately $772,608.64. This trade represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 14,676 shares of company stock worth $348,794. 25.80% of the stock is owned by insiders.

One Liberty Properties Stock Performance

Shares of OLP opened at $24.26 on Friday. The stock has a 50-day moving average of $24.47 and a two-hundred day moving average of $23.23. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $25.88. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market cap of $529.40 million, a P/E ratio of 19.10 and a beta of 0.88.

One Liberty Properties (NYSE:OLPGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.22. The business had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. As a group, research analysts predict that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.4%. One Liberty Properties’s payout ratio is 141.73%.

One Liberty Properties Company Profile

(Free Report)

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.

Further Reading

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

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