UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,506 Shares of One Liberty Properties, Inc. (NYSE:OLP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 21.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,098 shares of the real estate investment trust’s stock after selling 5,506 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in One Liberty Properties were worth $547,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC boosted its position in One Liberty Properties by 934.8% during the fourth quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 4,917 shares during the last quarter. Deutsche Bank AG boosted its position in One Liberty Properties by 30.6% during the fourth quarter. Deutsche Bank AG now owns 10,776 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 2,526 shares during the last quarter. Bank of America Corp DE boosted its position in One Liberty Properties by 24.9% during the fourth quarter. Bank of America Corp DE now owns 23,793 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 4,745 shares during the last quarter. Jane Street Group LLC increased its holdings in One Liberty Properties by 88.0% during the fourth quarter. Jane Street Group LLC now owns 18,155 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 8,496 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in One Liberty Properties by 9.8% during the fourth quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust’s stock worth $8,476,000 after buying an additional 27,746 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th.

One Liberty Properties Stock Performance

OLP opened at $25.27 on Thursday. One Liberty Properties, Inc. has a 12-month low of $22.32 and a 12-month high of $30.45. The stock has a market cap of $545.68 million, a price-to-earnings ratio of 15.60, a PEG ratio of 3.02 and a beta of 1.12. The business has a 50 day moving average of $24.16 and a 200-day moving average of $25.90. 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 (NYSE:OLP) last released its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The company had revenue of $24.17 million during the quarter, compared to analysts’ expectations of $24.59 million. On average, equities research analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 25th will be given a $0.45 dividend. The ex-dividend date is Wednesday, June 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.12%. One Liberty Properties’s payout ratio is 133.33%.

Insider Activity

In related news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $25.10, for a total transaction of $83,432.40. Following the completion of the sale, the executive vice president now directly owns 35,750 shares of the company’s stock, valued at approximately $897,325. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 25.40% of the company’s stock.

About One Liberty Properties

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.