Geode Capital Management LLC Increases Stock Position in One Liberty Properties, Inc. (NYSE:OLP)

Geode Capital Management LLC lifted its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 458,454 shares of the real estate investment trust’s stock after purchasing an additional 17,651 shares during the period. Geode Capital Management LLC owned about 2.14% of One Liberty Properties worth $12,628,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of One Liberty Properties in the 3rd quarter worth approximately $201,000. State Street Corp lifted its position in shares of One Liberty Properties by 3.3% in the 3rd quarter. State Street Corp now owns 488,250 shares of the real estate investment trust’s stock worth $13,660,000 after purchasing an additional 15,770 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of One Liberty Properties by 44.8% in the 3rd 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 period. BNP Paribas Financial Markets lifted its position in shares of One Liberty Properties by 80.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,801 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of One Liberty Properties by 7.3% in the 3rd 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 period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Trading Up 1.0 %

NYSE:OLP opened at $27.07 on Tuesday. One Liberty Properties, Inc. has a 52 week low of $19.25 and a 52 week high of $30.45. The firm has a 50 day moving average of $28.27 and a 200 day moving average of $26.68. 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 stock has a market capitalization of $578.95 million, a price-to-earnings ratio of 16.71, a PEG ratio of 3.44 and a beta of 1.39.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The firm had revenue of $22.21 million for the quarter, compared to analysts’ expectations of $21.89 million.

One Liberty Properties Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 6.65%. One Liberty Properties’s payout ratio is 111.11%.

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 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.