Nisa Investment Advisors LLC Sells 2,512 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Nisa Investment Advisors LLC reduced its position in One Liberty Properties, Inc. (NYSE:OLP) by 34.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,694 shares of the real estate investment trust’s stock after selling 2,512 shares during the quarter. Nisa Investment Advisors LLC’s holdings in One Liberty Properties were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OLP. Tower Research Capital LLC TRC raised its position in shares of One Liberty Properties by 215.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,098 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in One Liberty Properties by 24.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 388 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of One Liberty Properties in the fourth quarter worth about $100,000. Lazard Asset Management LLC increased its stake in One Liberty Properties by 934.8% during the fourth quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock worth $148,000 after acquiring an additional 4,917 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in shares of One Liberty Properties during the fourth quarter valued at approximately $164,000. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties Price Performance

One Liberty Properties stock opened at $23.20 on Friday. The stock has a market cap of $500.87 million, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10. The company has a fifty day simple moving average of $24.34 and a 200-day simple moving average of $25.13. One Liberty Properties, Inc. has a 12-month low of $22.32 and a 12-month high of $30.45. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.55.

One Liberty Properties (NYSE:OLP) last released 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. One Liberty Properties had a net margin of 31.96% and a return on equity of 9.59%. The firm had revenue of $24.17 million for the quarter, compared to the consensus estimate of $24.59 million. Equities analysts expect that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.76%. One Liberty Properties’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at One Liberty Properties

In other news, COO Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $24.98, for a total transaction of $49,960.00. Following the sale, the chief operating officer directly owned 185,106 shares of the company’s stock, valued at approximately $4,623,947.88. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 25.80% of the company’s stock.

About One Liberty Properties

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.