GSA Capital Partners LLP Acquires New Stake in One Liberty Properties, Inc. $OLP

GSA Capital Partners LLP acquired a new stake in shares of One Liberty Properties, Inc. (NYSE:OLP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 49,438 shares of the real estate investment trust’s stock, valued at approximately $1,207,000.

A number of other large investors have also added to or reduced their stakes in OLP. Jane Street Group LLC grew its stake in shares of One Liberty Properties by 172.5% in the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock worth $1,300,000 after acquiring an additional 31,313 shares during the last quarter. Strs Ohio purchased a new position in shares of One Liberty Properties in the 1st quarter worth about $76,000. Legal & General Group Plc boosted its stake in One Liberty Properties by 13.9% in the 2nd quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust’s stock worth $503,000 after purchasing an additional 2,571 shares in the last quarter. Rhumbline Advisers boosted its stake in One Liberty Properties by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 5,001 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in One Liberty Properties by 6.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Insiders Place Their Bets

In other One Liberty Properties news, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $24.50, for a total transaction of $147,000.00. Following the transaction, the chief operating officer owned 165,522 shares in the company, valued at approximately $4,055,289. This represents a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 12,000 shares of company stock valued at $286,283. 26.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

One Liberty Properties Stock Up 0.1%

One Liberty Properties stock opened at $24.25 on Tuesday. One Liberty Properties, Inc. has a 12 month low of $19.62 and a 12 month high of $25.88. The stock has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $23.47. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.73. The firm has a market cap of $529.38 million, a price-to-earnings ratio of 15.25 and a beta of 0.87.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%.The firm had revenue of $27.00 million for the quarter, compared to the consensus estimate of $26.78 million. Equities analysts predict that One Liberty Properties, Inc. will post 1.74 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. One Liberty Properties’s payout ratio is 113.21%.

About One Liberty Properties

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.