Legal & General Group Plc Acquires 1,807 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Legal & General Group Plc increased its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,527 shares of the real estate investment trust’s stock after acquiring an additional 1,807 shares during the quarter. Legal & General Group Plc owned about 0.09% of One Liberty Properties worth $505,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of One Liberty Properties by 310.8% during the third quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust’s stock worth $678,000 after purchasing an additional 18,616 shares during the period. Geode Capital Management LLC grew its position in One Liberty Properties by 4.0% during the third quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust’s stock worth $12,628,000 after buying an additional 17,651 shares in the last quarter. Franklin Resources Inc. increased its stake in One Liberty Properties by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 440 shares during the period. Nisa Investment Advisors LLC raised its holdings in One Liberty Properties by 24.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 1,415 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of One Liberty Properties by 10.9% during the 4th quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 632 shares during the period. Institutional investors and hedge funds own 36.24% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Saturday, March 15th.

Insider Activity

In other news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $25.10, for a total transaction of $83,432.40. Following the sale, the executive vice president now directly owns 35,750 shares of the company’s stock, valued at approximately $897,325. This trade represents a 8.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25.40% of the stock is currently owned by corporate insiders.

One Liberty Properties Stock Performance

Shares of NYSE:OLP opened at $24.22 on Wednesday. One Liberty Properties, Inc. has a 1 year low of $22.32 and a 1 year high of $30.45. The stock has a market capitalization of $522.84 million, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 3.02 and a beta of 1.11. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48. The company’s 50 day simple moving average is $25.43 and its 200 day simple moving average is $26.65.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a $0.45 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.43%. One Liberty Properties’s dividend payout ratio (DPR) is currently 128.57%.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.