Man Group plc acquired a new position in shares of One Liberty Properties, Inc. (NYSE:OLP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 100,082 shares of the real estate investment trust’s stock, valued at approximately $2,444,000. Man Group plc owned about 0.46% of One Liberty Properties as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in OLP. Jane Street Group LLC increased its position in One Liberty Properties by 172.5% in the 1st quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock worth $1,300,000 after buying an additional 31,313 shares during the period. Strs Ohio bought a new stake in shares of One Liberty Properties in the first quarter valued at approximately $76,000. Legal & General Group Plc grew its stake in shares of One Liberty Properties by 13.9% in the second quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 2,571 shares during the last quarter. Rhumbline Advisers grew its stake in shares of One Liberty Properties by 17.4% in the second quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust’s stock worth $804,000 after acquiring an additional 5,001 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 585 shares during the period. Institutional investors own 36.24% of the company’s stock.
One Liberty Properties Stock Performance
Shares of NYSE OLP opened at $23.89 on Wednesday. The firm has a market capitalization of $523.19 million, a price-to-earnings ratio of 15.03 and a beta of 0.86. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $25.88. The business has a fifty day simple moving average of $24.54 and a 200 day simple moving average of $23.64. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.73.
One Liberty Properties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were paid 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 7.5%. One Liberty Properties’s payout ratio is presently 113.21%.
Insider Activity
In other One Liberty Properties news, COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the transaction, the chief operating officer owned 165,522 shares in the company, valued at $4,055,289. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Justin Clair sold 4,500 shares of One Liberty Properties 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 sale, the executive vice president directly owned 34,153 shares in the company, valued at $821,721.18. The trade was a 11.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 16,500 shares of company stock valued at $394,553 in the last three months. Company insiders own 26.20% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently commented on OLP shares. Weiss Ratings upgraded shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. B. Riley Financial boosted their price objective 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. Finally, Zacks Research raised shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.
Get Our Latest Analysis on OLP
About One Liberty Properties
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.
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