7,314 Shares in One Liberty Properties, Inc. (NYSE:OLP) Purchased by HighTower Advisors LLC

HighTower Advisors LLC acquired a new position in One Liberty Properties, Inc. (NYSE:OLP) during the third quarter, HoldingsChannel reports. The institutional investor acquired 7,314 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in shares of One Liberty Properties during the third quarter valued at approximately $83,000. SG Americas Securities LLC purchased a new position in shares of One Liberty Properties in the third quarter worth $160,000. BNP Paribas Financial Markets lifted its holdings in shares of One Liberty Properties by 80.1% during the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 2,801 shares in the last quarter. Creative Planning boosted its position in shares of One Liberty Properties by 4.3% during the third quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock valued at $272,000 after buying an additional 411 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in One Liberty Properties by 7.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 1,561 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Stock Up 1.0 %

OLP opened at $27.01 on Thursday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $577.66 million, a PE ratio of 16.67, a price-to-earnings-growth ratio of 3.44 and a beta of 1.39. One Liberty Properties, Inc. has a 52 week low of $19.25 and a 52 week high of $30.45. The firm has a 50-day simple moving average of $28.30 and a two-hundred day simple moving average of $26.62.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The firm had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date is Monday, December 23rd. One Liberty Properties’s payout ratio is 111.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

One Liberty Properties 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.