GAMMA Investing LLC Acquires 23,649 Shares of One Liberty Properties, Inc. (NYSE:OLP)

GAMMA Investing LLC grew its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 3,024.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,431 shares of the real estate investment trust’s stock after purchasing an additional 23,649 shares during the period. GAMMA Investing LLC owned approximately 0.11% of One Liberty Properties worth $642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Truist Financial Corp bought a new stake in One Liberty Properties during the 4th quarter worth $224,000. Bank of New York Mellon Corp grew its position in One Liberty Properties by 3.2% during the 4th quarter. Bank of New York Mellon Corp now owns 89,519 shares of the real estate investment trust’s stock worth $2,439,000 after acquiring an additional 2,792 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in One Liberty Properties during the 4th quarter worth $499,000. Charles Schwab Investment Management Inc. grew its position in One Liberty Properties by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,857 shares of the real estate investment trust’s stock worth $3,537,000 after acquiring an additional 929 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in One Liberty Properties during the 4th quarter worth $713,000. Institutional investors own 36.24% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

One Liberty Properties Stock Up 0.0%

OLP stock opened at $25.01 on Thursday. The stock’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $25.73. One Liberty Properties, Inc. has a fifty-two week low of $22.32 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $539.86 million, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 3.01 and a beta of 1.12.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $24.17 million during the quarter, compared to analyst estimates of $24.59 million. One Liberty Properties had a return on equity of 9.59% and a net margin of 31.96%. On average, research analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date of this dividend is Wednesday, June 25th. One Liberty Properties’s dividend payout ratio is currently 133.33%.

Insiders Place Their Bets

In other One Liberty Properties news, EVP Justin Clair sold 3,324 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $25.10, for a total value of $83,432.40. Following the completion of the transaction, the executive vice president now owns 35,750 shares in the company, valued at $897,325. This represents a 8.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lawrence Ricketts sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total value of $49,960.00. Following the completion of the transaction, the chief operating officer now owns 185,106 shares of the company’s stock, valued at $4,623,947.88. This trade represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,724 shares of company stock valued at $143,392. Corporate insiders own 25.80% of the company’s stock.

One Liberty Properties 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.