Renaissance Technologies LLC Acquires 1,500 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Renaissance Technologies LLC grew its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 0.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 659,229 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the quarter. Renaissance Technologies LLC owned 3.13% of One Liberty Properties worth $15,479,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fortis Group Advisors LLC boosted its holdings in shares of One Liberty Properties by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 634 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of One Liberty Properties in the first quarter valued at approximately $68,000. BNP Paribas Financial Markets boosted its holdings in shares of One Liberty Properties by 68.8% in the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 3,157 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of One Liberty Properties in the first quarter valued at approximately $219,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $251,000 after purchasing an additional 580 shares during the period. Institutional investors own 36.24% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley boosted their price target on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, August 13th.

One Liberty Properties Stock Down 1.5 %

Shares of NYSE OLP opened at $27.92 on Friday. The stock has a 50 day moving average price of $26.25 and a 200 day moving average price of $24.17. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market capitalization of $588.16 million, a price-to-earnings ratio of 20.53, a PEG ratio of 3.40 and a beta of 1.36. One Liberty Properties, Inc. has a 52-week low of $17.55 and a 52-week high of $28.80.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $21.80 million during the quarter, compared to analyst estimates of $22.37 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. Sell-side analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 24th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $1.80 dividend on an annualized basis and a yield of 6.45%. One Liberty Properties’s dividend payout ratio is currently 132.35%.

Insiders Place Their Bets

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the completion of the sale, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Jeffrey Gould sold 5,813 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $23.45, for a total transaction of $136,314.85. Following the transaction, the senior vice president now directly owns 373,000 shares of the company’s stock, valued at $8,746,850. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Justin Clair sold 3,125 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was 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 in the company, valued at $1,045,200.87. The disclosure for this sale can be found here. Insiders sold a total of 29,714 shares of company stock worth $709,258 over the last 90 days. Company insiders own 25.40% of the company’s stock.

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.