Cambridge Investment Research Advisors Inc. Invests $323,000 in One Liberty Properties, Inc. (OLP) Stock

Cambridge Investment Research Advisors Inc. bought a new stake in One Liberty Properties, Inc. (NYSE:OLP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,447 shares of the real estate investment trust’s stock, valued at approximately $323,000. Cambridge Investment Research Advisors Inc. owned approximately 0.07% of One Liberty Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its position in shares of One Liberty Properties by 11.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 74,474 shares of the real estate investment trust’s stock worth $1,931,000 after acquiring an additional 7,452 shares in the last quarter. Martingale Asset Management L P increased its position in shares of One Liberty Properties by 36.3% during the fourth quarter. Martingale Asset Management L P now owns 107,431 shares of the real estate investment trust’s stock worth $2,785,000 after acquiring an additional 28,624 shares in the last quarter. RMR Advisors LLC increased its position in shares of One Liberty Properties by 66.7% during the fourth quarter. RMR Advisors LLC now owns 46,976 shares of the real estate investment trust’s stock worth $1,218,000 after acquiring an additional 18,799 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of One Liberty Properties by 11.2% during the fourth quarter. Renaissance Technologies LLC now owns 553,500 shares of the real estate investment trust’s stock worth $14,347,000 after acquiring an additional 55,600 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of One Liberty Properties during the fourth quarter worth $213,000. 42.12% of the stock is owned by hedge funds and other institutional investors.

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In related news, COO Lawrence Ricketts sold 5,000 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $23.76, for a total transaction of $118,800.00. Following the completion of the transaction, the chief operating officer now owns 125,624 shares in the company, valued at $2,984,826.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Several equities research analysts have recently issued reports on OLP shares. Zacks Investment Research downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. TheStreet downgraded shares of One Liberty Properties from a “b-” rating to a “c+” rating in a research report on Tuesday, March 13th. B. Riley set a $25.00 price objective on shares of One Liberty Properties and gave the stock a “hold” rating in a research report on Friday, March 16th. Finally, ValuEngine downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.70.

Shares of OLP opened at $23.17 on Monday. One Liberty Properties, Inc. has a 12 month low of $21.02 and a 12 month high of $27.70. The firm has a market cap of $440.80, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.97 and a beta of 0.79. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.35.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, March 13th. The real estate investment trust reported $0.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. One Liberty Properties had a net margin of 31.81% and a return on equity of 8.20%. The business had revenue of $19.89 million during the quarter, compared to analysts’ expectations of $19.31 million. equities research analysts predict that One Liberty Properties, Inc. will post 1.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 6th. Investors of record on Tuesday, March 27th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend was Monday, March 26th. One Liberty Properties’s payout ratio is 86.12%.

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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 of industrial, retail (including furniture stores and supermarkets), restaurant, health and fitness and theater properties.

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

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