Truist Financial Corp Buys Shares of 8,209 One Liberty Properties, Inc. (NYSE:OLP)

Truist Financial Corp bought a new stake in One Liberty Properties, Inc. (NYSE:OLP) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 8,209 shares of the real estate investment trust’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in One Liberty Properties by 80.1% during the third 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 last quarter. SG Americas Securities LLC grew its holdings in One Liberty Properties by 10.9% during the fourth quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 632 shares during the period. Nisa Investment Advisors LLC grew its holdings in One Liberty Properties by 24.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust’s stock worth $200,000 after acquiring an additional 1,415 shares during the period. HighTower Advisors LLC acquired a new position in One Liberty Properties during the third quarter worth $201,000. Finally, Franklin Resources Inc. grew its holdings in One Liberty Properties by 4.6% in the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 440 shares during the last quarter. 36.24% of the stock is owned by institutional investors and hedge funds.

One Liberty Properties Stock Up 2.1 %

Shares of NYSE:OLP opened at $26.58 on Friday. The stock’s 50-day moving average price is $26.08 and its two-hundred day moving average price is $27.16. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties, Inc. has a 12-month low of $21.11 and a 12-month high of $30.45. The firm has a market cap of $568.47 million, a price-to-earnings ratio of 16.41, a PEG ratio of 3.02 and a beta of 1.39.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, March 27th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Thursday, March 27th. One Liberty Properties’s payout ratio is 111.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised One Liberty Properties from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.