The Manufacturers Life Insurance Company Acquires 1,606 Shares of One Liberty Properties, Inc. (OLP)

The Manufacturers Life Insurance Company increased its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 13.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,697 shares of the real estate investment trust’s stock after purchasing an additional 1,606 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of One Liberty Properties worth $321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Teachers Advisors LLC grew its stake in One Liberty Properties by 1.5% during the second quarter. Teachers Advisors LLC now owns 39,233 shares of the real estate investment trust’s stock worth $919,000 after buying an additional 585 shares during the last quarter. Alliancebernstein L.P. grew its stake in One Liberty Properties by 1.5% during the second quarter. Alliancebernstein L.P. now owns 55,368 shares of the real estate investment trust’s stock worth $1,297,000 after buying an additional 800 shares during the last quarter. Bank of New York Mellon Corp grew its stake in One Liberty Properties by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 147,286 shares of the real estate investment trust’s stock worth $3,450,000 after buying an additional 1,120 shares during the last quarter. Voya Investment Management LLC grew its stake in One Liberty Properties by 15.1% during the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 1,359 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in One Liberty Properties by 6.3% during the second quarter. Bessemer Group Inc. now owns 35,600 shares of the real estate investment trust’s stock worth $834,000 after buying an additional 2,100 shares during the last quarter. 41.22% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Lawrence Ricketts sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $24.14, for a total transaction of $168,980.00. Following the sale, the insider now directly owns 113,302 shares of the company’s stock, valued at $2,735,110.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Justin Clair sold 2,839 shares of the stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total transaction of $70,605.93. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

One Liberty Properties, Inc. (OLP) traded up $0.10 on Friday, hitting $26.82. 32,949 shares of the stock traded hands, compared to its average volume of 36,212. One Liberty Properties, Inc. has a twelve month low of $21.96 and a twelve month high of $27.36. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $503.73, a PE ratio of 13.15, a P/E/G ratio of 2.12 and a beta of 0.88.

Several analysts have weighed in on OLP shares. ValuEngine raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. DA Davidson started coverage on shares of One Liberty Properties in a research note on Monday, September 25th. They set a “neutral” rating and a $25.00 price objective on the stock. Zacks Investment Research cut shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. TheStreet raised shares of One Liberty Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Finally, B. Riley reaffirmed a “neutral” rating on shares of One Liberty Properties in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $26.40.

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One Liberty Properties Profile

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

Institutional Ownership by Quarter for One Liberty Properties (NYSE:OLP)

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