JPMorgan Chase & Co. Sells 515 Shares of One Liberty Properties, Inc. (NYSE:OLP)

JPMorgan Chase & Co. decreased its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 34,636 shares of the real estate investment trust’s stock after selling 515 shares during the period. JPMorgan Chase & Co.’s holdings in One Liberty Properties were worth $954,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OLP. Barclays PLC lifted its holdings in shares of One Liberty Properties by 310.8% during the third quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 18,616 shares during the last quarter. HighTower Advisors LLC purchased a new position in One Liberty Properties during the third quarter valued at $201,000. Franklin Resources Inc. boosted its holdings in One Liberty Properties by 4.6% in the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 440 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of One Liberty Properties by 4.0% in the third quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust’s stock worth $12,628,000 after acquiring an additional 17,651 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of One Liberty Properties by 3.3% during the third quarter. State Street Corp now owns 488,250 shares of the real estate investment trust’s stock valued at $13,660,000 after acquiring an additional 15,770 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Price Performance

NYSE OLP opened at $25.51 on Friday. The business’s fifty day moving average is $27.63 and its 200 day moving average is $27.02. One Liberty Properties, Inc. has a fifty-two week low of $19.25 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. The company has a market capitalization of $545.55 million, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.97 and a beta of 1.40.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The business had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. Sell-side analysts predict that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Monday, December 23rd were given a $0.45 dividend. The ex-dividend date was Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.06%. One Liberty Properties’s dividend payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

One Liberty Properties Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.