Panagora Asset Management Inc. lifted its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,056 shares of the real estate investment trust’s stock after purchasing an additional 7,680 shares during the period. Panagora Asset Management Inc. owned about 0.78% of One Liberty Properties worth $4,169,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in OLP. State of Alaska Department of Revenue purchased a new position in shares of One Liberty Properties in the 3rd quarter valued at about $132,000. Usca Ria LLC purchased a new position in shares of One Liberty Properties in the 2nd quarter valued at about $221,000. American Century Companies Inc. purchased a new position in shares of One Liberty Properties in the 2nd quarter valued at about $301,000. JPMorgan Chase & Co. increased its stake in shares of One Liberty Properties by 119.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,193 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 9,354 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in shares of One Liberty Properties in the 2nd quarter valued at about $567,000. Hedge funds and other institutional investors own 42.21% of the company’s stock.
Shares of One Liberty Properties stock opened at $26.39 on Friday. One Liberty Properties, Inc. has a twelve month low of $21.02 and a twelve month high of $29.44. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $518.62 million, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 2.17 and a beta of 0.71.
One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Thursday, November 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.19. One Liberty Properties had a return on equity of 8.19% and a net margin of 31.39%. The company had revenue of $19.57 million during the quarter, compared to analyst estimates of $20.19 million. Analysts forecast that One Liberty Properties, Inc. will post 2.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 4th. Shareholders of record on Friday, December 21st will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 20th. This represents a $1.80 annualized dividend and a yield of 6.82%. One Liberty Properties’s dividend payout ratio (DPR) is currently 86.12%.
Several equities analysts recently weighed in on the company. Zacks Investment Research lowered One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. TheStreet lowered One Liberty Properties from a “b-” rating to a “c+” rating in a research note on Friday, October 12th.
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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, retail, restaurant, health and fitness and theater 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.
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