Nisa Investment Advisors LLC Sells 2,487 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Nisa Investment Advisors LLC cut its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 22.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,450 shares of the real estate investment trust’s stock after selling 2,487 shares during the period. Nisa Investment Advisors LLC’s holdings in One Liberty Properties were worth $185,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of OLP. Swiss National Bank boosted its holdings in One Liberty Properties by 9.1% during the first quarter. Swiss National Bank now owns 39,552 shares of the real estate investment trust’s stock valued at $1,218,000 after acquiring an additional 3,300 shares during the period. Bank of New York Mellon Corp boosted its holdings in One Liberty Properties by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 170,029 shares of the real estate investment trust’s stock valued at $5,235,000 after acquiring an additional 1,202 shares during the period. US Bancorp DE boosted its holdings in One Liberty Properties by 23.3% during the first quarter. US Bancorp DE now owns 2,648 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 500 shares during the period. Cetera Advisor Networks LLC bought a new stake in One Liberty Properties during the first quarter valued at about $258,000. Finally, MetLife Investment Management LLC boosted its holdings in One Liberty Properties by 40.9% during the first quarter. MetLife Investment Management LLC now owns 9,135 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 2,652 shares during the period. 36.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of One Liberty Properties from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley upped their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, April 15th.

One Liberty Properties Stock Up 1.9 %

Shares of OLP opened at $22.17 on Friday. The company has a 50-day simple moving average of $21.65 and a 200-day simple moving average of $20.82. The firm has a market capitalization of $471.07 million, a P/E ratio of 16.06, a P/E/G ratio of 2.52 and a beta of 1.32. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.48 and a current ratio of 2.48. One Liberty Properties, Inc. has a 52 week low of $17.55 and a 52 week high of $23.43.

One Liberty Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date of this dividend was Tuesday, March 26th. One Liberty Properties’s dividend payout ratio is currently 130.43%.

One Liberty Properties Company Profile

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.