US Bancorp DE boosted its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 76.5% in the second quarter, Holdings Channel.com reports. The firm owned 2,148 shares of the real estate investment trust’s stock after purchasing an additional 931 shares during the period. US Bancorp DE’s holdings in One Liberty Properties were worth $61,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLP. BlackRock Inc. raised its holdings in One Liberty Properties by 6.8% during the first quarter. BlackRock Inc. now owns 1,419,321 shares of the real estate investment trust’s stock valued at $31,608,000 after buying an additional 90,313 shares in the last quarter. Jane Street Group LLC bought a new position in One Liberty Properties during the first quarter valued at about $1,027,000. Brookstone Capital Management bought a new position in One Liberty Properties during the second quarter valued at about $1,140,000. Geode Capital Management LLC raised its holdings in One Liberty Properties by 11.5% during the first quarter. Geode Capital Management LLC now owns 333,045 shares of the real estate investment trust’s stock valued at $7,416,000 after buying an additional 34,371 shares in the last quarter. Finally, Millennium Management LLC bought a new position in One Liberty Properties during the first quarter valued at about $761,000. 41.77% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on OLP shares. Zacks Investment Research lowered One Liberty Properties from a “buy” rating to a “hold” rating in a report on Wednesday, July 14th. Aegis raised their target price on One Liberty Properties from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, August 9th. Colliers Securities initiated coverage on One Liberty Properties in a research note on Friday, September 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. Finally, Collins Stewart initiated coverage on One Liberty Properties in a research note on Friday, September 3rd. They issued a “neutral” rating and a $34.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, One Liberty Properties currently has an average rating of “Hold” and a consensus price target of $29.67.
One Liberty Properties (NYSE:OLP) last released its earnings results on Wednesday, August 4th. The real estate investment trust reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.96. One Liberty Properties had a return on equity of 14.79% and a net margin of 53.78%.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 7th. Investors of record on Monday, September 27th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, September 24th. One Liberty Properties’s dividend payout ratio (DPR) is presently 94.74%.
In other One Liberty Properties news, COO Lawrence Ricketts sold 2,903 shares of One Liberty Properties stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $30.35, for a total transaction of $88,106.05. Following the sale, the chief operating officer now directly owns 153,538 shares of the company’s stock, valued at $4,659,878.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Gould sold 8,200 shares of One Liberty Properties stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $29.65, for a total value of $243,130.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,728 shares of company stock worth $411,299. 22.40% of the stock is owned by company insiders.
One Liberty Properties Profile
One Liberty Properties, Inc operates as a real estate investment trust, which acquires, owns, and manages a geographically diversified portfolio of retail, industrial, office, and other properties under long term leases. Its leases are net leases and ground leases, under which the tenant is responsible for real estate taxes, insurance and ordinary maintenance and repairs.
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