HighTower Advisors LLC Makes New Investment in One Liberty Properties, Inc. (NYSE:OLP)

HighTower Advisors LLC purchased a new stake in One Liberty Properties, Inc. (NYSE:OLP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,314 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also modified their holdings of OLP. Dimensional Fund Advisors LP raised its holdings in One Liberty Properties by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock valued at $5,713,000 after buying an additional 3,134 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 valued at $2,374,000 after acquiring an additional 6,868 shares during the period. Penserra Capital Management LLC raised its stake in shares of One Liberty Properties by 23.0% during the third quarter. Penserra Capital Management LLC now owns 42,331 shares of the real estate investment trust’s stock valued at $1,165,000 after acquiring an additional 7,905 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of One Liberty Properties by 2.5% during the second 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of One Liberty Properties by 44.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,604 shares of the real estate investment trust’s stock worth $705,000 after purchasing an additional 7,923 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors.

One Liberty Properties Stock Performance

OLP stock opened at $27.01 on Thursday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The firm has a market cap of $577.66 million, a PE ratio of 16.67, a P/E/G ratio of 3.44 and a beta of 1.39. The business has a 50 day moving average of $28.30 and a 200-day moving average of $26.62. One Liberty Properties, Inc. has a 12-month low of $19.25 and a 12-month high of $30.45.

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 for the quarter, missing the consensus estimate of $0.41 by ($0.18). The firm had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date is Monday, December 23rd. One Liberty Properties’s dividend payout ratio is currently 111.11%.

Analysts Set New Price Targets

Separately, 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.