Renaissance Technologies LLC Sells 24,800 Shares of One Liberty Properties, Inc. (NYSE:OLP)

Renaissance Technologies LLC lowered its position in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 628,051 shares of the real estate investment trust's stock after selling 24,800 shares during the period. Renaissance Technologies LLC owned 2.94% of One Liberty Properties worth $17,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of One Liberty Properties by 87.2% during the fourth quarter. JPMorgan Chase & Co. now owns 64,840 shares of the real estate investment trust's stock worth $1,766,000 after buying an additional 30,204 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in One Liberty Properties in the 4th quarter worth about $713,000. Barclays PLC boosted its holdings in One Liberty Properties by 310.8% in the 3rd quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust's stock valued at $678,000 after purchasing an additional 18,616 shares during the period. Proficio Capital Partners LLC bought a new stake in One Liberty Properties in the 4th quarter valued at about $499,000. Finally, Geode Capital Management LLC increased its holdings in shares of One Liberty Properties by 4.0% during the third quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust's stock worth $12,628,000 after purchasing an additional 17,651 shares during the period. 36.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction of $83,432.40. Following the transaction, the executive vice president now owns 35,750 shares of the company's stock, valued at $897,325. This represents a 8.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 25.40% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised One Liberty Properties from a "hold" rating to a "buy" rating in a research report on Saturday, March 15th.

One Liberty Properties Price Performance

OLP traded up $0.05 on Friday, hitting $24.22. 38,726 shares of the stock were exchanged, compared to its average volume of 53,527. The firm has a market capitalization of $522.77 million, a price-to-earnings ratio of 14.95, a PEG ratio of 3.02 and a beta of 1.11. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48. One Liberty Properties, Inc. has a 12 month low of $21.50 and a 12 month high of $30.45. The business has a 50-day moving average of $25.72 and a two-hundred day moving average of $26.80.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.43%. The ex-dividend date was Thursday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is currently 128.57%.

One Liberty Properties 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.