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

Renaissance Technologies LLC decreased its holdings in shares of One Liberty Properties, Inc. (NYSE:OLP) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 2.94% of One Liberty Properties worth $17,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of 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 acquiring an additional 18,616 shares in the last quarter. HighTower Advisors LLC purchased a new stake in One Liberty Properties in the third quarter valued at approximately $201,000. Franklin Resources Inc. lifted its position in One Liberty Properties by 4.6% during the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 440 shares during the last quarter. Geode Capital Management LLC grew its stake in One Liberty Properties by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust’s stock worth $12,628,000 after buying an additional 17,651 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of One Liberty Properties by 3.3% in the 3rd quarter. State Street Corp now owns 488,250 shares of the real estate investment trust’s stock worth $13,660,000 after buying an additional 15,770 shares during the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties Stock Performance

Shares of NYSE OLP opened at $23.98 on Tuesday. The stock’s 50-day moving average is $25.84 and its 200 day moving average is $26.86. The stock has a market cap of $517.66 million, a price-to-earnings ratio of 14.80, a P/E/G ratio of 3.02 and a beta of 1.11. One Liberty Properties, Inc. has a 1-year low of $21.11 and a 1-year high of $30.45. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40.

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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.51%. The ex-dividend date was Thursday, March 27th. One Liberty Properties’s dividend payout ratio (DPR) is presently 128.57%.

Insider Transactions at One Liberty Properties

In related news, EVP Justin Clair sold 3,324 shares of the stock in a transaction on Friday, April 4th. The shares were 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 approximately $897,325. This trade represents a 8.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.40% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of 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.