Allspring Global Investments Holdings LLC Sells 45,856 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Allspring Global Investments Holdings LLC reduced its stake in One Liberty Properties, Inc. (NYSE:OLPGet Rating) by 24.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,717 shares of the real estate investment trust’s stock after selling 45,856 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.68% of One Liberty Properties worth $2,999,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. US Bancorp DE increased its holdings in shares of One Liberty Properties by 23.3% during the first quarter. US Bancorp DE now owns 2,648 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 500 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of One Liberty Properties by 84.2% during the third quarter. JFS Wealth Advisors LLC now owns 1,310 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 599 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of One Liberty Properties by 3.1% during the second quarter. Asset Management One Co. Ltd. now owns 25,546 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 766 shares during the period. Victory Capital Management Inc. increased its holdings in shares of One Liberty Properties by 4.6% during the second quarter. Victory Capital Management Inc. now owns 17,794 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 786 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of One Liberty Properties during the first quarter worth approximately $29,000. 38.91% of the stock is owned by institutional investors.

One Liberty Properties Stock Performance

Shares of One Liberty Properties stock opened at $23.52 on Thursday. One Liberty Properties, Inc. has a fifty-two week low of $20.45 and a fifty-two week high of $32.99. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $495.66 million, a P/E ratio of 12.58, a P/E/G ratio of 2.42 and a beta of 1.27. The company’s 50 day moving average price is $23.31 and its two-hundred day moving average price is $24.02.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Tuesday, December 20th were given a $0.45 dividend. The ex-dividend date was Monday, December 19th. This represents a $1.80 dividend on an annualized basis and a yield of 7.65%. One Liberty Properties’s dividend payout ratio is currently 96.26%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OLP. B. Riley reduced their price target on shares of One Liberty Properties from $27.00 to $25.00 in a research report on Monday, November 7th. EF Hutton Acquisition Co. I reduced their price target on shares of One Liberty Properties from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Finally, StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Thursday, November 10th.

One Liberty Properties Profile

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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.

See Also

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

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