Raymond James Financial Inc. Makes New Investment in One Liberty Properties, Inc. (NYSE:OLP)

Raymond James Financial Inc. acquired a new position in One Liberty Properties, Inc. (NYSE:OLP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,174 shares of the real estate investment trust's stock, valued at approximately $713,000. Raymond James Financial Inc. owned approximately 0.12% of One Liberty Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of One Liberty Properties by 80.1% during 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in One Liberty Properties by 44.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,604 shares of the real estate investment trust's stock valued at $705,000 after purchasing an additional 7,923 shares in the last quarter. HighTower Advisors LLC acquired a new position in One Liberty Properties during the third quarter worth $201,000. State Street Corp boosted its position in One Liberty Properties by 3.3% during the third quarter. State Street Corp now owns 488,250 shares of the real estate investment trust's stock worth $13,660,000 after purchasing an additional 15,770 shares in the last quarter. Finally, Barclays PLC increased its position in shares of One Liberty Properties by 310.8% in the third quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust's stock valued at $678,000 after buying an additional 18,616 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company's stock.

Insider Activity

In related news, EVP Justin Clair sold 3,324 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $25.10, for a total value of $83,432.40. Following the completion of the transaction, the executive vice president now directly owns 35,750 shares in the company, valued at approximately $897,325. This represents a 8.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 25.40% of the company's stock.

One Liberty Properties Price Performance

Shares of One Liberty Properties stock traded down $0.66 during trading on Thursday, hitting $23.42. 57,960 shares of the company were exchanged, compared to its average volume of 53,632. One Liberty Properties, Inc. has a fifty-two week low of $21.11 and a fifty-two week high of $30.45. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average price of $25.92 and a 200 day moving average price of $26.91. The stock has a market capitalization of $505.46 million, a price-to-earnings ratio of 14.45, a P/E/G ratio of 3.02 and a beta of 1.11.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a $0.45 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.69%. One Liberty Properties's dividend payout ratio (DPR) is 128.57%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.