Panagora Asset Management Inc. Lowers Position in One Liberty Properties, Inc. (NYSE:OLP)

Panagora Asset Management Inc. decreased its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 30.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,073 shares of the real estate investment trust’s stock after selling 6,594 shares during the period. Panagora Asset Management Inc.’s holdings in One Liberty Properties were worth $330,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its stake in One Liberty Properties by 123.7% in the fourth quarter. Quadrant Capital Group LLC now owns 7,407 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 4,096 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of One Liberty Properties in the 4th quarter worth about $368,000. SG Americas Securities LLC increased its stake in shares of One Liberty Properties by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 9,181 shares of the real estate investment trust’s stock worth $201,000 after acquiring an additional 1,930 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of One Liberty Properties by 41.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock worth $2,286,000 after acquiring an additional 30,470 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in One Liberty Properties by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock worth $33,406,000 after acquiring an additional 7,431 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

Insider Transactions at One Liberty Properties

In related news, COO Justin Clair sold 1,200 shares of One Liberty Properties stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $24.00, for a total value of $28,800.00. Following the completion of the sale, the chief operating officer now directly owns 43,049 shares in the company, valued at approximately $1,033,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 25.40% of the company’s stock.

One Liberty Properties Trading Down 0.3 %

NYSE:OLP opened at $23.11 on Friday. The stock has a market cap of $486.93 million, a price-to-earnings ratio of 16.99, a PEG ratio of 2.72 and a beta of 1.31. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.36. The company’s 50 day moving average price is $22.86 and its 200-day moving average price is $21.68. One Liberty Properties, Inc. has a 52 week low of $17.55 and a 52 week high of $24.30.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.79%. The ex-dividend date was Tuesday, March 26th. One Liberty Properties’s dividend payout ratio is currently 132.35%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. B. Riley upped their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

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 consisting primarily of industrial and retail 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.