BNP Paribas Financial Markets Increases Stake in One Liberty Properties, Inc. (NYSE:OLP)

BNP Paribas Financial Markets raised its position in One Liberty Properties, Inc. (NYSE:OLP) by 80.1% in the 3rd quarter, Holdings Channel reports. The fund owned 6,300 shares of the real estate investment trust’s stock after acquiring an additional 2,801 shares during the period. BNP Paribas Financial Markets’ holdings in One Liberty Properties were worth $174,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OLP. Penserra Capital Management LLC boosted its stake in shares of One Liberty Properties by 23.0% in the third quarter. Penserra Capital Management LLC now owns 42,331 shares of the real estate investment trust’s stock valued at $1,165,000 after buying an additional 7,905 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 valued at $2,374,000 after acquiring an additional 6,868 shares during the period. SG Americas Securities LLC acquired a new stake in One Liberty Properties in the third quarter valued at $160,000. Dimensional Fund Advisors LP boosted its position in shares of One Liberty Properties by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock worth $5,713,000 after purchasing an additional 3,134 shares in the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of One Liberty Properties during the 3rd quarter worth $83,000. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Price Performance

OLP stock opened at $28.77 on Wednesday. The firm has a 50 day moving average of $28.26 and a 200-day moving average of $26.45. The company has a market cap of $615.30 million, a price-to-earnings ratio of 17.76, a PEG ratio of 3.44 and a beta of 1.39. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties, Inc. has a 12-month low of $19.25 and a 12-month high of $30.45.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.18). The firm had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be paid a $0.45 dividend. The ex-dividend date is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 6.26%. One Liberty Properties’s payout ratio is 111.11%.

Wall Street Analysts Forecast Growth

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 Company 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.