Renaissance Technologies LLC Lowers Holdings in One Liberty Properties, Inc. $OLP

Renaissance Technologies LLC reduced its stake in shares of One Liberty Properties, Inc. (NYSE:OLP) by 5.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 514,751 shares of the real estate investment trust’s stock after selling 27,300 shares during the period. Renaissance Technologies LLC’s holdings in One Liberty Properties were worth $11,047,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of One Liberty Properties by 227.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 20,934 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 14,548 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of One Liberty Properties by 29.7% in the first quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 3,219 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in One Liberty Properties by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after acquiring an additional 1,246 shares during the period. New York State Teachers Retirement System acquired a new stake in One Liberty Properties during the first quarter worth about $36,000. Finally, Hsbc Holdings PLC purchased a new position in One Liberty Properties during the fourth quarter valued at approximately $411,000. 36.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, B. Riley Financial lifted their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. One research 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’s stock. Based on data from MarketBeat.com, One Liberty Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

One Liberty Properties Stock Performance

NYSE OLP opened at $24.26 on Friday. The stock has a market capitalization of $529.40 million, a price-to-earnings ratio of 19.10 and a beta of 0.88. The stock has a 50-day moving average of $24.47 and a 200 day moving average of $23.23. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month high of $25.88.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.26 by $0.22. The company had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Sell-side analysts anticipate that One Liberty Properties, Inc. will post 1.73 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.4%. One Liberty Properties’s dividend payout ratio (DPR) is 141.73%.

Insider Buying and Selling

In related news, COO Lawrence Ricketts sold 6,000 shares of One Liberty Properties stock in a transaction on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the sale, the chief operating officer owned 165,522 shares of the company’s stock, valued at approximately $4,055,289. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Justin Clair sold 2,676 shares of One Liberty Properties stock in a transaction on Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the sale, the executive vice president directly owned 33,074 shares in the company, valued at $772,608.64. This represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,676 shares of company stock worth $348,794 in the last quarter. Insiders own 25.80% of the company’s stock.

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.