Hsbc Holdings PLC Makes New $411,000 Investment in One Liberty Properties, Inc. $OLP

Hsbc Holdings PLC bought a new position in One Liberty Properties, Inc. (NYSE:OLP) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,329 shares of the real estate investment trust’s stock, valued at approximately $411,000. Hsbc Holdings PLC owned about 0.09% of One Liberty Properties at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OLP. US Bancorp DE boosted its holdings in One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 490 shares during the period. GAMMA Investing LLC lifted its position in One Liberty Properties by 241.7% in the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,380 shares during the last quarter. Camelot Portfolios LLC bought a new stake in One Liberty Properties in the fourth quarter valued at approximately $51,000. Russell Investments Group Ltd. boosted its stake in shares of One Liberty Properties by 607.7% during the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,291 shares during the period. Finally, Strs Ohio purchased a new stake in shares of One Liberty Properties during the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Insider Buying and Selling at One Liberty Properties

In related news, COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the sale, the chief operating officer owned 165,522 shares in the company, valued at approximately $4,055,289. This trade represents a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Justin Clair sold 2,676 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the transaction, the executive vice president directly owned 33,074 shares in the company, valued at $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,676 shares of company stock worth $348,794. Company insiders own 25.80% of the company’s stock.

One Liberty Properties Price Performance

Shares of NYSE OLP opened at $25.27 on Friday. One Liberty Properties, Inc. has a 1 year low of $19.62 and a 1 year high of $25.88. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. The company’s 50-day moving average is $24.10 and its 200 day moving average is $22.93. The stock has a market capitalization of $551.37 million, a P/E ratio of 19.90 and a beta of 0.88.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The business had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. On average, sell-side analysts expect that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.1%. One Liberty Properties’s dividend payout ratio is 141.73%.

Analyst Ratings Changes

Several equities research analysts have weighed in on OLP shares. B. Riley Financial increased their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Zacks Research upgraded shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, One Liberty Properties currently has a consensus rating of “Moderate Buy” and an average price target of $28.50.

One Liberty Properties Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.