Man Group plc Invests $2.44 Million in One Liberty Properties, Inc. $OLP

Man Group plc acquired a new stake in One Liberty Properties, Inc. (NYSE:OLP) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 100,082 shares of the real estate investment trust’s stock, valued at approximately $2,444,000.

A number of other institutional investors have also made changes to their positions in OLP. BlackRock Inc. acquired a new position in One Liberty Properties during the 2nd quarter worth about $44,883,000. Vanguard Group Inc. boosted its position in One Liberty Properties by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock valued at $38,581,000 after buying an additional 8,772 shares during the last quarter. Geode Capital Management LLC boosted its position in One Liberty Properties by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after buying an additional 12,519 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of One Liberty Properties by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock valued at $5,021,000 after buying an additional 1,246 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of One Liberty Properties in the 2nd quarter valued at $2,858,000. 36.24% of the stock is owned by institutional investors.

Insider Activity

In related news, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Justin Clair sold 4,500 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.06, for a total value of $108,270.00. Following the transaction, the executive vice president directly owned 34,153 shares of the company’s stock, valued at $821,721.18. This trade represents a 11.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,500 shares of company stock valued at $394,553 over the last ninety days. 26.20% of the stock is owned by insiders.

One Liberty Properties Stock Down 0.2%

NYSE:OLP opened at $23.89 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.73. One Liberty Properties, Inc. has a 12-month low of $19.62 and a 12-month high of $25.88. The stock’s fifty day simple moving average is $24.54 and its 200-day simple moving average is $23.64. The firm has a market capitalization of $523.19 million, a P/E ratio of 15.03 and a beta of 0.86.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 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 business had revenue of $27.00 million during the quarter, compared to the consensus estimate of $26.78 million. Equities research analysts expect that One Liberty Properties, Inc. will post 1.74 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Thursday, June 25th. One Liberty Properties’s dividend payout ratio is 113.21%.

Wall Street Analyst Weigh In

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

One Liberty Properties Profile

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.