One Liberty Properties, Inc. (NYSE:OLP) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in One Liberty Properties, Inc. (NYSE:OLP) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,964 shares of the real estate investment trust’s stock after buying an additional 440 shares during the quarter. Franklin Resources Inc.’s holdings in One Liberty Properties were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in One Liberty Properties by 7.3% during 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 during the last quarter. Rhumbline Advisers grew its position 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 buying an additional 751 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of One Liberty Properties by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock worth $5,713,000 after buying an additional 3,134 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of One Liberty Properties in the third quarter worth $160,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in One Liberty Properties in the third quarter valued at $83,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Trading Up 0.6 %

Shares of NYSE OLP opened at $27.24 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 stock’s 50 day moving average price is $28.26 and its two-hundred day moving average price is $26.74. One Liberty Properties, Inc. has a 52-week low of $19.25 and a 52-week high of $30.45. The stock has a market capitalization of $582.58 million, a P/E ratio of 16.81, a PEG ratio of 3.44 and a beta of 1.39.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data 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). One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The firm had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.45 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 6.61%. One Liberty Properties’s dividend payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a 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.