Quantinno Capital Management LP Boosts Holdings in One Liberty Properties, Inc. $OLP

Quantinno Capital Management LP grew its stake in One Liberty Properties, Inc. (NYSE:OLP) by 31.3% during the 1st quarter, Holdings Channel reports. The firm owned 96,336 shares of the real estate investment trust’s stock after purchasing an additional 22,961 shares during the quarter. Quantinno Capital Management LP’s holdings in One Liberty Properties were worth $2,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Public Employees Retirement System of Ohio raised its position in shares of One Liberty Properties by 227.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 20,934 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 14,548 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in One Liberty Properties by 29.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 3,219 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in One Liberty Properties by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after buying an additional 1,246 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in One Liberty Properties during the 1st quarter worth approximately $36,000. Finally, Hsbc Holdings PLC purchased a new stake in One Liberty Properties during the 4th quarter worth approximately $411,000. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OLP. Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. B. Riley Financial boosted their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, One Liberty Properties presently has an average rating of “Moderate Buy” and an average price target of $28.50.

Insider Buying and Selling at One Liberty Properties

In other news, COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer owned 165,522 shares in the company, valued at $4,055,289. This trade represents a 3.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 12,000 shares of company stock valued at $286,283. Corporate insiders own 26.20% of the company’s stock.

One Liberty Properties Stock Down 3.1%

NYSE OLP opened at $23.40 on Tuesday. The business’s fifty day simple moving average is $24.53 and its 200-day simple moving average is $23.37. 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 $510.82 million, a PE ratio of 14.72 and a beta of 0.87. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $25.88.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. The firm had revenue of $27.00 million during the quarter, compared to analyst estimates of $26.78 million. As a group, equities analysts anticipate that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 7.7%. One Liberty Properties’s dividend payout ratio is 113.21%.

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.