One Liberty Properties, Inc. $OLP Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in One Liberty Properties, Inc. (NYSE:OLP) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,700,914 shares of the real estate investment trust’s stock after selling 29,249 shares during the quarter. Vanguard Group Inc. owned approximately 7.88% of One Liberty Properties worth $44,683,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of OLP. Northern Trust Corp boosted its position in One Liberty Properties by 9.8% during 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in One Liberty Properties during the 4th quarter worth $713,000. GAMMA Investing LLC boosted its position in One Liberty Properties by 3,024.2% during the first quarter. GAMMA Investing LLC now owns 24,431 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 23,649 shares during the last quarter. Bailard Inc. acquired a new position in shares of One Liberty Properties during the 1st quarter worth approximately $318,000. Finally, Jane Street Group LLC grew its holdings in One Liberty Properties by 88.0% in the 4th quarter. Jane Street Group LLC now owns 18,155 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 8,496 shares in the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Trading Down 1.5%

OLP opened at $23.1050 on Tuesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.07 and a current ratio of 2.07. One Liberty Properties, Inc. has a one year low of $21.94 and a one year high of $30.45. The business’s 50-day simple moving average is $23.52 and its 200-day simple moving average is $24.54. The company has a market cap of $499.07 million, a P/E ratio of 17.91, a PEG ratio of 2.83 and a beta of 1.13.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. The business had revenue of $24.55 million during the quarter, compared to analysts’ expectations of $25.00 million. As a group, equities research analysts expect that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 25th were paid a $0.45 dividend. The ex-dividend date was Wednesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.8%. One Liberty Properties’s payout ratio is currently 139.53%.

Insider Buying and Selling

In related news, COO Lawrence Ricketts sold 2,000 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total transaction of $49,960.00. Following the completion of the sale, the chief operating officer owned 185,106 shares in the company, valued at $4,623,947.88. This represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.