One Liberty Properties, Inc. (NYSE:OLP) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 3.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 287,344 shares of the real estate investment trust’s stock after selling 9,650 shares during the quarter. Alliancebernstein L.P.’s holdings in One Liberty Properties were worth $7,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its holdings in shares of One Liberty Properties by 24.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 388 shares during the period. KLP Kapitalforvaltning AS acquired a new position in One Liberty Properties in the fourth quarter valued at about $100,000. BNP Paribas Financial Markets boosted its stake in One Liberty Properties by 80.1% during the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 2,801 shares during the period. SG Americas Securities LLC increased its position in shares of One Liberty Properties by 10.9% during the fourth quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 632 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of One Liberty Properties by 24.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 1,415 shares during the period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Price Performance

OLP stock opened at $23.65 on Friday. The business’s fifty day moving average price is $25.88 and its 200 day moving average price is $26.89. One Liberty Properties, Inc. has a 12-month low of $21.11 and a 12-month high of $30.45. 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 company has a market capitalization of $510.45 million, a PE ratio of 14.60, a P/E/G ratio of 3.02 and a beta of 1.11.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 7.61%. One Liberty Properties’s dividend payout ratio is presently 128.57%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Saturday, March 15th.

Insider Activity

In related news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction on Friday, April 4th. The stock was sold at an average price of $25.10, for a total value of $83,432.40. Following the completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 25.40% 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.