Rhumbline Advisers decreased its position in One Liberty Properties, Inc. (NYSE:OLP) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 21,818 shares of the real estate investment trust’s stock after selling 160 shares during the period. Rhumbline Advisers owned about 0.12% of One Liberty Properties worth $511,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. RMR Advisors LLC grew its holdings in One Liberty Properties by 1.7% in the second quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock valued at $426,000 after purchasing an additional 307 shares during the last quarter. Naples Global Advisors LLC raised its stake in shares of One Liberty Properties by 1.1% during the 2nd quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 250 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of One Liberty Properties during the 2nd quarter worth $580,000. Bessemer Group Inc. raised its stake in shares of One Liberty Properties by 6.3% during the 2nd quarter. Bessemer Group Inc. now owns 35,600 shares of the real estate investment trust’s stock worth $834,000 after buying an additional 2,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of One Liberty Properties by 33.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock worth $1,888,000 after buying an additional 20,071 shares during the last quarter. 41.65% of the stock is currently owned by institutional investors.

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Several research firms recently commented on OLP. BidaskClub lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of One Liberty Properties from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. DA Davidson started coverage on shares of One Liberty Properties in a report on Monday, September 25th. They set a “neutral” rating and a $25.00 target price for the company. FBR & Co began coverage on shares of One Liberty Properties in a research report on Monday, July 24th. They set a “mkt perform” rating and a $25.50 target price for the company. Finally, ValuEngine upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.83.

In related news, VP Justin Clair sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $24.06, for a total value of $50,526.00. Following the sale, the vice president now directly owns 33,305 shares in the company, valued at approximately $801,318.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lawrence Ricketts sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the sale, the insider now owns 113,302 shares in the company, valued at $2,735,110.28. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Shares of One Liberty Properties, Inc. (NYSE OLP) opened at 24.45 on Wednesday. One Liberty Properties, Inc. has a 1-year low of $21.96 and a 1-year high of $25.89. The company has a 50-day moving average price of $24.06 and a 200-day moving average price of $23.74. The stock has a market cap of $455.48 million, a price-to-earnings ratio of 20.72 and a beta of 0.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Stockholders of record on Monday, September 25th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, September 22nd. This represents a $1.72 annualized dividend and a dividend yield of 7.03%. One Liberty Properties’s dividend payout ratio (DPR) is 147.01%.

One Liberty Properties Profile

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

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

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