One Liberty Properties, Inc. $OLP Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of One Liberty Properties, Inc. (NYSE:OLP) by 11.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 522,344 shares of the real estate investment trust’s stock after buying an additional 52,252 shares during the quarter. Geode Capital Management LLC owned about 2.42% of One Liberty Properties worth $12,465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of One Liberty Properties by 87.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,972 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,781 shares during the last quarter. Allworth Financial LP lifted its holdings in One Liberty Properties by 1,440.5% in the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,138 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of One Liberty Properties by 29.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,478 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 2,860 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of One Liberty Properties by 56.1% during the second quarter. Los Angeles Capital Management LLC now owns 69,641 shares of the real estate investment trust’s stock worth $1,662,000 after buying an additional 25,020 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of One Liberty Properties by 12.1% in the second quarter. Penserra Capital Management LLC now owns 43,627 shares of the real estate investment trust’s stock valued at $1,040,000 after buying an additional 4,696 shares during the last quarter. 36.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of One Liberty Properties in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

One Liberty Properties Stock Performance

Shares of OLP stock opened at $20.49 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market capitalization of $443.40 million, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.41 and a beta of 1.00. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $30.06. The company has a 50 day moving average price of $20.81 and a 200 day moving average price of $22.67.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The company had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $24.18 million. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. Sell-side analysts anticipate that One Liberty Properties, Inc. will post 1.68 EPS for the current year.

One Liberty Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, September 24th. This represents a $1.80 annualized dividend and a yield of 8.8%. One Liberty Properties’s dividend payout ratio is currently 116.88%.

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.