Rhumbline Advisers Has $754,000 Holdings in One Liberty Properties, Inc. (NYSE:OLP)

Rhumbline Advisers cut its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,709 shares of the real estate investment trust’s stock after selling 715 shares during the quarter. Rhumbline Advisers owned about 0.13% of One Liberty Properties worth $754,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in One Liberty Properties in the fourth quarter worth $499,000. Northern Trust Corp grew its holdings in One Liberty Properties by 9.8% in the fourth quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust’s stock worth $8,476,000 after purchasing an additional 27,746 shares during the period. Truist Financial Corp acquired a new stake in One Liberty Properties in the fourth quarter worth $224,000. Price T Rowe Associates Inc. MD grew its holdings in One Liberty Properties by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,537 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 1,045 shares during the period. Finally, GAMMA Investing LLC grew its holdings in One Liberty Properties by 3,024.2% in the first quarter. GAMMA Investing LLC now owns 24,431 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 23,649 shares during the period. 36.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Lawrence Ricketts sold 2,000 shares of the business’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total transaction of $49,960.00. Following the transaction, the chief operating officer now directly owns 185,106 shares in the company, valued at approximately $4,623,947.88. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Justin Clair sold 3,324 shares of the business’s 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 transaction, the executive vice president now owns 35,750 shares in the company, valued at approximately $897,325. This trade represents a 8.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,724 shares of company stock worth $143,392 over the last 90 days. 25.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

One Liberty Properties Stock Down 0.4%

Shares of NYSE OLP opened at $24.90 on Friday. The stock has a market capitalization of $537.59 million, a P/E ratio of 18.44, a P/E/G ratio of 3.01 and a beta of 1.12. The company has a 50-day moving average price of $24.35 and a 200-day moving average price of $25.67. One Liberty Properties, Inc. has a 1 year low of $22.32 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.79 and a quick ratio of 1.79.

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

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.23%. One Liberty Properties’s dividend payout ratio is presently 133.33%.

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.