Penserra Capital Management LLC Has $1.17 Million Position in One Liberty Properties, Inc. (NYSE:OLP)

Penserra Capital Management LLC raised its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 23.0% in the third quarter, Holdings Channel.com reports. The fund owned 42,331 shares of the real estate investment trust’s stock after acquiring an additional 7,905 shares during the quarter. Penserra Capital Management LLC’s holdings in One Liberty Properties were worth $1,165,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OLP. State Board of Administration of Florida Retirement System bought a new position in shares of One Liberty Properties during the 1st quarter valued at $219,000. Vanguard Group Inc. increased its position in One Liberty Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock worth $39,912,000 after buying an additional 10,490 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in One Liberty Properties by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 580 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of One Liberty Properties by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after buying an additional 6,868 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of One Liberty Properties by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after acquiring an additional 751 shares in the last quarter. 36.24% of the stock is owned by institutional investors.

Insider Buying and Selling at One Liberty Properties

In related news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the transaction, the executive vice president now directly owns 39,249 shares in the company, valued at $1,045,200.87. The trade was a 7.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 25.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OLP. B. Riley raised their price objective on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

One Liberty Properties Stock Up 1.5 %

One Liberty Properties stock opened at $29.51 on Wednesday. The firm has a market cap of $631.13 million, a price-to-earnings ratio of 17.96, a P/E/G ratio of 3.43 and a beta of 1.36. The firm has a fifty day moving average price of $27.68 and a two-hundred day moving average price of $25.82. One Liberty Properties, Inc. has a fifty-two week low of $19.25 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.18). The business had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. As a group, analysts forecast that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 24th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio (DPR) is currently 111.11%.

About One Liberty Properties

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.