Pacer Advisors Inc. Increases Stock Holdings in One Liberty Properties, Inc. (NYSE:OLP)

Pacer Advisors Inc. lifted its stake in One Liberty Properties, Inc. (NYSE:OLP) by 37.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,377 shares of the real estate investment trust’s stock after purchasing an additional 34,730 shares during the quarter. Pacer Advisors Inc. owned about 0.63% of One Liberty Properties worth $2,227,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its stake in shares of One Liberty Properties by 23.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,793 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 925 shares during the last quarter. State Street Corp lifted its stake in shares of One Liberty Properties by 6.7% during the 1st quarter. State Street Corp now owns 445,020 shares of the real estate investment trust’s stock worth $6,382,000 after acquiring an additional 28,060 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of One Liberty Properties by 9.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 28,013 shares of the real estate investment trust’s stock worth $390,000 after acquiring an additional 2,390 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in shares of One Liberty Properties during the 2nd quarter worth approximately $33,000. Finally, Citigroup Inc. lifted its stake in shares of One Liberty Properties by 26.3% during the 1st quarter. Citigroup Inc. now owns 5,625 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 1,170 shares during the last quarter. Hedge funds and other institutional investors own 43.47% of the company’s stock.

A number of equities research analysts recently issued reports on OLP shares. B. Riley decreased their price target on One Liberty Properties from $29.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. ValuEngine raised One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Zacks Investment Research lowered One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 14th.

Shares of NYSE OLP opened at $16.97 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $17.50 and a two-hundred day simple moving average of $19.45. The firm has a market cap of $341.98 million, a PE ratio of 8.53 and a beta of 1.26. One Liberty Properties, Inc. has a twelve month low of $9.71 and a twelve month high of $29.24.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.21. The business had revenue of $21.24 million during the quarter, compared to analyst estimates of $21.85 million. One Liberty Properties had a return on equity of 7.50% and a net margin of 25.78%. On average, research analysts expect that One Liberty Properties, Inc. will post 1.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, June 22nd were issued a $0.90 dividend. The ex-dividend date was Friday, June 19th. This is an increase from One Liberty Properties’s previous quarterly dividend of $0.45. This represents a $3.60 dividend on an annualized basis and a dividend yield of 21.21%. One Liberty Properties’s dividend payout ratio (DPR) is currently 90.91%.

About One Liberty Properties

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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Institutional Ownership by Quarter for One Liberty Properties (NYSE:OLP)

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