Sound Income Strategies LLC Boosts Position in One Liberty Properties, Inc. (OLP)

Sound Income Strategies LLC increased its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 357.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,920 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the period. Sound Income Strategies LLC’s holdings in One Liberty Properties were worth $47,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Teachers Advisors LLC boosted its position in One Liberty Properties by 2.8% during the third quarter. Teachers Advisors LLC now owns 51,806 shares of the real estate investment trust’s stock valued at $1,439,000 after purchasing an additional 1,425 shares during the last quarter. Bank of America Corp DE boosted its position in One Liberty Properties by 2.2% during the second quarter. Bank of America Corp DE now owns 86,864 shares of the real estate investment trust’s stock valued at $2,294,000 after purchasing an additional 1,829 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in One Liberty Properties by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 224,630 shares of the real estate investment trust’s stock valued at $6,239,000 after purchasing an additional 2,028 shares during the last quarter. California Public Employees Retirement System boosted its position in One Liberty Properties by 7.6% during the second quarter. California Public Employees Retirement System now owns 35,620 shares of the real estate investment trust’s stock valued at $941,000 after purchasing an additional 2,520 shares during the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in One Liberty Properties by 61.9% during the third quarter. MetLife Investment Advisors LLC now owns 10,181 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 3,891 shares during the last quarter. Institutional investors and hedge funds own 42.21% of the company’s stock.

A number of research firms have recently issued reports on OLP. Zacks Investment Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research report on Friday, November 16th. TheStreet cut One Liberty Properties from a “b-” rating to a “c+” rating in a research report on Friday, October 12th.

OLP opened at $25.79 on Friday. One Liberty Properties, Inc. has a 12-month low of $21.02 and a 12-month high of $29.44. The company has a market capitalization of $497.87 million, a PE ratio of 12.34, a price-to-earnings-growth ratio of 2.05 and a beta of 0.73. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.31.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings data on Thursday, November 8th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.19. One Liberty Properties had a return on equity of 8.19% and a net margin of 31.39%. The company had revenue of $19.57 million during the quarter, compared to analysts’ expectations of $20.19 million. As a group, equities research analysts anticipate that One Liberty Properties, Inc. will post 2.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 4th. Stockholders of record on Friday, December 21st were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.98%. One Liberty Properties’s payout ratio is 86.12%.

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About One Liberty Properties

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.

Further Reading: Bollinger Bands

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

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