Globeflex Capital L P Makes New Investment in One Liberty Properties, Inc. $OLP

Globeflex Capital L P acquired a new stake in shares of One Liberty Properties, Inc. (NYSE:OLP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,848 shares of the real estate investment trust’s stock, valued at approximately $827,000. Globeflex Capital L P owned 0.16% of One Liberty Properties at the end of the most recent quarter.

Several other large investors have also made changes to their positions in OLP. Allworth Financial LP acquired a new stake in One Liberty Properties during the 2nd quarter worth about $35,000. BlackRock Inc. acquired a new position in shares of One Liberty Properties in the 2nd quarter valued at about $44,883,000. Deutsche Bank AG acquired a new position in shares of One Liberty Properties in the 2nd quarter valued at about $422,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of One Liberty Properties in the second quarter worth about $305,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of One Liberty Properties in the second quarter worth about $2,858,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Trading Up 1.6%

OLP stock opened at $24.55 on Tuesday. One Liberty Properties, Inc. has a 52-week low of $19.62 and a 52-week high of $25.88. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.73. The firm has a market cap of $537.54 million, a P/E ratio of 15.44 and a beta of 0.87. The company’s 50-day simple moving average is $24.55 and its 200-day simple moving average is $23.58.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $27.00 million during the quarter, compared to analyst estimates of $26.78 million. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%. As a group, equities analysts forecast that One Liberty Properties, Inc. will post 1.74 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties’s payout ratio is presently 113.21%.

Insider Buying and Selling at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $24.50, for a total transaction of $147,000.00. Following the completion of the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at approximately $4,055,289. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Justin Clair sold 4,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.06, for a total transaction of $108,270.00. Following the transaction, the executive vice president directly owned 34,153 shares in the company, valued at approximately $821,721.18. The trade was a 11.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 16,500 shares of company stock valued at $394,553. 26.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings raised One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. Zacks Research raised shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, B. Riley Financial lifted their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, One Liberty Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.