Raymond James Financial Inc. Invests $713,000 in One Liberty Properties, Inc. (NYSE:OLP)

Raymond James Financial Inc. bought a new stake in One Liberty Properties, Inc. (NYSE:OLP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,174 shares of the real estate investment trust’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in shares of One Liberty Properties by 80.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 2,801 shares during the last quarter. SG Americas Securities LLC boosted its holdings in One Liberty Properties by 10.9% in the fourth quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 632 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in One Liberty Properties by 24.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 1,415 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of One Liberty Properties during the 3rd quarter worth approximately $201,000. Finally, Truist Financial Corp acquired a new position in shares of One Liberty Properties in the 4th quarter valued at $224,000. 36.24% of the stock is currently owned by institutional investors and hedge funds.

One Liberty Properties Stock Down 3.2 %

Shares of NYSE OLP opened at $24.94 on Friday. The stock has a market cap of $538.38 million, a PE ratio of 15.40, a price-to-earnings-growth ratio of 3.02 and a beta of 1.38. One Liberty Properties, Inc. has a 52-week low of $21.11 and a 52-week high of $30.45. The business has a 50-day moving average price of $26.18 and a 200 day moving average price of $27.09. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.22%. One Liberty Properties’s dividend payout ratio (DPR) is presently 128.57%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Saturday, March 15th.

One Liberty Properties Company 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.