Alpha Cubed Investments LLC Has $246,000 Position in One Liberty Properties, Inc. (OLP)
Alpha Cubed Investments LLC held its stake in shares of One Liberty Properties, Inc. (NYSE:OLP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,500 shares of the real estate investment trust’s stock at the end of the second quarter. Alpha Cubed Investments LLC owned 0.06% of One Liberty Properties worth $246,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. RMR Advisors LLC raised its stake in shares of One Liberty Properties by 1.7% in the second quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock valued at $426,000 after buying an additional 307 shares in the last quarter. Naples Global Advisors LLC boosted its position in One Liberty Properties by 1.1% in the second quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 250 shares during the last quarter. Finally, Bowling Portfolio Management LLC acquired a new position in One Liberty Properties during the second quarter valued at about $580,000. 40.39% of the stock is currently owned by hedge funds and other institutional investors.
One Liberty Properties, Inc. (OLP) traded down 1.31% on Friday, hitting $23.37. The stock had a trading volume of 47,842 shares. The firm’s 50-day moving average price is $23.98 and its 200-day moving average price is $23.62. One Liberty Properties, Inc. has a 1-year low of $21.96 and a 1-year high of $25.89. The firm has a market cap of $435.36 million, a P/E ratio of 19.81 and a beta of 0.81.
Several research analysts have recently issued reports on OLP shares. Wunderlich reissued a “hold” rating and issued a $24.00 price target (down previously from $26.00) on shares of One Liberty Properties in a research note on Thursday, May 11th. BidaskClub cut One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, FBR & Co started coverage on One Liberty Properties in a research note on Monday, July 24th. They issued a “mkt perform” rating and a $25.50 price target for the company. Four research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $24.75.
In other One Liberty Properties news, insider Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $23.57, for a total value of $117,850.00. Following the completion of the transaction, the insider now owns 98,007 shares in the company, valued at approximately $2,310,024.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.60% of the company’s stock.
About One Liberty Properties
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.
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