One Liberty Properties, Inc. (NYSE:OLP) Shares Purchased by Fortis Group Advisors LLC

Fortis Group Advisors LLC grew its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 100.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,268 shares of the real estate investment trust’s stock after purchasing an additional 634 shares during the period. Fortis Group Advisors LLC’s holdings in One Liberty Properties were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OLP. Swiss National Bank boosted its position in shares of One Liberty Properties by 3.0% during the 3rd quarter. Swiss National Bank now owns 37,552 shares of the real estate investment trust’s stock valued at $709,000 after purchasing an additional 1,100 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of One Liberty Properties during the 3rd quarter valued at $258,000. Quadrature Capital Ltd acquired a new position in shares of One Liberty Properties in the 3rd quarter worth $211,000. Penserra Capital Management LLC lifted its holdings in shares of One Liberty Properties by 14.4% during the third quarter. Penserra Capital Management LLC now owns 23,574 shares of the real estate investment trust’s stock valued at $434,000 after purchasing an additional 2,968 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of One Liberty Properties by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock valued at $33,406,000 after purchasing an additional 7,431 shares during the period. Institutional investors own 36.24% of the company’s stock.

Insider Activity

In other news, COO Justin Clair sold 1,200 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 of the company’s stock, valued at $1,033,176. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.40% of the stock is owned by corporate insiders.

One Liberty Properties Stock Down 0.1 %

Shares of OLP stock traded down $0.03 on Friday, reaching $23.60. 72,335 shares of the company’s stock traded hands, compared to its average volume of 34,853. The company has a market capitalization of $497.25 million, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 2.78 and a beta of 1.35. One Liberty Properties, Inc. has a 12-month low of $17.55 and a 12-month high of $24.30. The company has a debt-to-equity ratio of 1.36, a quick ratio of 2.68 and a current ratio of 2.68. The business’s 50 day moving average price is $23.13 and its two-hundred day moving average price is $22.10.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 25th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.63%. One Liberty Properties’s payout ratio is presently 132.35%.

Wall Street Analysts Forecast Growth

OLP has been the topic of several recent analyst reports. B. Riley boosted their price objective on One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, April 15th. StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

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.