Rhumbline Advisers Has $721,000 Stock Holdings in One Liberty Properties, Inc. (NYSE:OLP)

Rhumbline Advisers increased its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 2.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,704 shares of the real estate investment trust’s stock after purchasing an additional 751 shares during the period. Rhumbline Advisers owned approximately 0.15% of One Liberty Properties worth $721,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OLP. Fortis Group Advisors LLC boosted its holdings in shares of One Liberty Properties by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 634 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in One Liberty Properties in the first quarter worth $68,000. BNP Paribas Financial Markets increased its stake in 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 in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in One Liberty Properties in the first quarter valued at $219,000. Finally, Vanguard Group Inc. boosted its position in shares of One Liberty Properties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock worth $39,912,000 after purchasing an additional 10,490 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

One Liberty Properties Price Performance

Shares of NYSE:OLP opened at $27.16 on Wednesday. One Liberty Properties, Inc. has a twelve month low of $17.55 and a twelve month high of $28.80. The stock’s 50 day moving average is $26.34 and its 200-day moving average is $24.26. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $572.15 million, a price-to-earnings ratio of 19.97, a PEG ratio of 3.40 and a beta of 1.36.

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

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th will be given a $0.45 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $1.80 annualized dividend and a yield of 6.63%. One Liberty Properties’s payout ratio is 132.35%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at One Liberty Properties

In related news, EVP Justin Clair sold 3,125 shares of the 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 completion of the sale, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the sale, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey Gould sold 3,220 shares of One Liberty Properties stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $23.45, for a total value of $75,509.00. Following the sale, the senior vice president now owns 371,273 shares in the company, valued at $8,706,351.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,914 shares of company stock worth $617,032. 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.