Charles Schwab Investment Management Inc. Trims Stake in One Liberty Properties, Inc. (NYSE:OLP)

Charles Schwab Investment Management Inc. reduced its stake in One Liberty Properties, Inc. (NYSE:OLP) by 0.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 128,928 shares of the real estate investment trust’s stock after selling 1,102 shares during the period. Charles Schwab Investment Management Inc.’s holdings in One Liberty Properties were worth $3,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of One Liberty Properties by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 580 shares during the period. Asset Management One Co. Ltd. boosted its position in shares of One Liberty Properties by 7.3% during the third quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock valued at $628,000 after purchasing an additional 1,561 shares in the last quarter. SG Americas Securities LLC purchased a new stake in One Liberty Properties in the third quarter worth $160,000. Bank of New York Mellon Corp grew its stake in One Liberty Properties by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after purchasing an additional 6,868 shares during the period. Finally, Rhumbline Advisers raised its holdings in One Liberty Properties by 2.5% in the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 751 shares in the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

One Liberty Properties Price Performance

Shares of OLP opened at $28.87 on Friday. One Liberty Properties, Inc. has a fifty-two week low of $19.25 and a fifty-two week high of $30.45. The firm’s 50-day simple moving average is $28.22 and its two-hundred day simple moving average is $26.38. The stock has a market cap of $617.53 million, a PE ratio of 17.82, a price-to-earnings-growth ratio of 3.44 and a beta of 1.39. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48.

One Liberty Properties (NYSE:OLP) last issued 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 return on equity of 11.35% and a net margin of 38.96%. The company had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a $1.80 annualized dividend and a dividend yield of 6.23%. One Liberty Properties’s payout ratio is presently 111.11%.

About One Liberty Properties

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.