Charles Schwab Investment Management Inc. Lowers Stock Position in One Liberty Properties, Inc. (NYSE:OLP)

Charles Schwab Investment Management Inc. cut its stake in shares of One Liberty Properties, Inc. (NYSE:OLP) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,928 shares of the real estate investment trust’s stock after selling 1,102 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.60% of One Liberty Properties worth $3,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of OLP. Price T Rowe Associates Inc. MD grew its position in One Liberty Properties by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 580 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in One Liberty Properties by 7.3% during the third quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 1,561 shares during the last quarter. SG Americas Securities LLC bought a new stake in One Liberty Properties during the third quarter worth about $160,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 position in shares of One Liberty Properties by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Price Performance

Shares of One Liberty Properties stock opened at $28.87 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. One Liberty Properties, Inc. has a 52-week low of $19.25 and a 52-week high of $30.45. The company has a fifty day moving average of $28.22 and a 200-day moving average of $26.38. The stock has a market capitalization of $617.53 million, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 3.44 and a beta of 1.39.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) 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%.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 annualized dividend and a yield of 6.23%. One Liberty Properties’s payout ratio is 111.11%.

Analyst Ratings Changes

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

One Liberty Properties Company Profile

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.