VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $803,000 Investment in One Liberty Properties, Inc. $OLP

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in One Liberty Properties, Inc. (NYSE:OLP) in the second quarter, Holdings Channel reports. The institutional investor bought 33,642 shares of the real estate investment trust’s stock, valued at approximately $803,000.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC raised its stake in shares of One Liberty Properties by 127.5% in the first quarter. Larson Financial Group LLC now owns 1,060 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 594 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of One Liberty Properties in the second quarter valued at $31,000. Strs Ohio acquired a new position in shares of One Liberty Properties in the first quarter valued at $76,000. PNC Financial Services Group Inc. raised its stake in shares of One Liberty Properties by 63.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,191 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 1,235 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of One Liberty Properties in the first quarter valued at $97,000. 36.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of One Liberty Properties in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

One Liberty Properties Stock Performance

Shares of NYSE:OLP opened at $20.67 on Friday. The business’s fifty day moving average price is $22.27 and its two-hundred day moving average price is $23.36. One Liberty Properties, Inc. has a fifty-two week low of $20.31 and a fifty-two week high of $30.45. The stock has a market capitalization of $446.43 million, a price-to-earnings ratio of 16.02, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.07 and a quick ratio of 2.07.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. One Liberty Properties had a return on equity of 9.26% and a net margin of 29.85%.The firm had revenue of $24.55 million for the quarter, compared to analysts’ expectations of $25.00 million. As a group, analysts predict that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date was Wednesday, September 24th. One Liberty Properties’s dividend payout ratio is 139.53%.

One Liberty Properties Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.