Hsbc Holdings PLC Buys Shares of 20,329 One Liberty Properties, Inc. $OLP

Hsbc Holdings PLC purchased a new position in One Liberty Properties, Inc. (NYSE:OLP) during the 4th quarter, Holdings Channel reports. The fund purchased 20,329 shares of the real estate investment trust’s stock, valued at approximately $411,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp bought a new position in shares of One Liberty Properties in the fourth quarter worth approximately $300,000. Millennium Management LLC bought a new stake in shares of One Liberty Properties during the 4th quarter valued at $656,000. Guggenheim Capital LLC raised its position in shares of One Liberty Properties by 10.9% during the 4th quarter. Guggenheim Capital LLC now owns 18,027 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 1,767 shares during the period. AQR Capital Management LLC purchased a new position in shares of One Liberty Properties during the 4th quarter valued at $235,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of One Liberty Properties by 9.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,420 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 1,454 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Stock Down 0.7%

NYSE:OLP opened at $25.27 on Friday. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month high of $25.88. The company has a market cap of $551.37 million, a price-to-earnings ratio of 19.90 and a beta of 0.88. The stock has a fifty day simple moving average of $24.10 and a 200-day simple moving average of $22.93. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.26 by $0.22. The company had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Analysts anticipate that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.1%. One Liberty Properties’s dividend payout ratio is presently 141.73%.

Wall Street Analysts Forecast Growth

OLP has been the subject of a number of recent analyst reports. Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Finally, B. Riley Financial increased their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

Insider Activity at One Liberty Properties

In related news, EVP Justin Clair sold 2,676 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the transaction, the executive vice president directly owned 33,074 shares of the company’s stock, valued at $772,608.64. This trade represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Lawrence Ricketts sold 6,000 shares of One Liberty Properties stock in a transaction on Monday, June 29th. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00. Following the sale, the chief operating officer owned 165,522 shares of the company’s stock, valued at $4,055,289. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,676 shares of company stock valued at $348,794. 25.80% of the stock is owned by insiders.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.