Zacks Investment Management Buys Shares of 20,481 One Liberty Properties, Inc. (NYSE:OLP)

Zacks Investment Management acquired a new position in shares of One Liberty Properties, Inc. (NYSE:OLP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,481 shares of the real estate investment trust's stock, valued at approximately $558,000. Zacks Investment Management owned about 0.10% of One Liberty Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Guggenheim Capital LLC raised its position in One Liberty Properties by 6.5% in the 4th quarter. Guggenheim Capital LLC now owns 13,544 shares of the real estate investment trust's stock valued at $369,000 after purchasing an additional 827 shares in the last quarter. Barclays PLC grew its holdings in One Liberty Properties by 11.7% during the 4th quarter. Barclays PLC now owns 27,479 shares of the real estate investment trust's stock worth $748,000 after acquiring an additional 2,873 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of One Liberty Properties in the 4th quarter valued at $713,000. Martingale Asset Management L P lifted its position in shares of One Liberty Properties by 1.7% during the 4th quarter. Martingale Asset Management L P now owns 23,516 shares of the real estate investment trust's stock worth $641,000 after purchasing an additional 400 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of One Liberty Properties by 10.8% during the fourth quarter. Legal & General Group Plc now owns 18,527 shares of the real estate investment trust's stock worth $505,000 after purchasing an additional 1,807 shares in the last quarter. Hedge funds and other institutional investors own 36.24% of the company's stock.

Insider Activity at One Liberty Properties

In other news, EVP Justin Clair sold 3,324 shares of the 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 transaction, the executive vice president now directly owns 35,750 shares of the company's stock, valued at approximately $897,325. This represents a 8.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 25.40% of the stock is currently owned by insiders.

One Liberty Properties Stock Performance

NYSE OLP traded down $0.36 during trading on Thursday, reaching $24.12. The company's stock had a trading volume of 39,032 shares, compared to its average volume of 53,308. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. One Liberty Properties, Inc. has a twelve month low of $22.32 and a twelve month high of $30.45. The business's fifty day moving average price is $25.59 and its 200-day moving average price is $26.72. The firm has a market cap of $520.68 million, a price-to-earnings ratio of 14.89, a P/E/G ratio of 3.02 and a beta of 1.11.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.46%. The ex-dividend date of this dividend was Thursday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is presently 128.57%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded One Liberty Properties from a "hold" rating to a "buy" rating in a report 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.