One Liberty Properties, Inc. (NYSE:OLP) Stock Holdings Increased by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 23.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,331 shares of the real estate investment trust’s stock after buying an additional 7,905 shares during the period. Penserra Capital Management LLC owned about 0.20% of One Liberty Properties worth $1,165,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OLP. State Board of Administration of Florida Retirement System acquired a new stake in shares of One Liberty Properties during the 1st quarter valued at $219,000. Vanguard Group Inc. lifted its holdings in shares of One Liberty Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock valued at $39,912,000 after purchasing an additional 10,490 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of One Liberty Properties by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 580 shares during the period. Bank of New York Mellon Corp increased its stake in One Liberty Properties by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after purchasing an additional 6,868 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in One Liberty Properties by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 751 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Stock Performance

Shares of OLP stock opened at $29.51 on Wednesday. The company has a market capitalization of $631.13 million, a price-to-earnings ratio of 17.96, a P/E/G ratio of 3.43 and a beta of 1.36. One Liberty Properties, Inc. has a 1-year low of $19.25 and a 1-year high of $29.79. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $27.68 and its 200-day simple moving average is $25.82.

One Liberty Properties (NYSE:OLP) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.18). The business had revenue of $22.21 million for the quarter, compared to analysts’ expectations of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. On average, sell-side analysts predict that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $1.80 annualized dividend and a yield of 6.10%. One Liberty Properties’s dividend payout ratio is presently 111.11%.

Insiders Place Their Bets

In other news, EVP Justin Clair sold 3,125 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the transaction, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. This represents a 7.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 25.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. B. Riley raised their target price on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

About One Liberty Properties

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.