TIAA CREF Investment Management LLC Raises Holdings in One Liberty Properties, Inc. (OLP)

TIAA CREF Investment Management LLC grew its position in shares of One Liberty Properties, Inc. (NYSE:OLP) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,983 shares of the real estate investment trust’s stock after purchasing an additional 10,446 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.33% of One Liberty Properties worth $1,429,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Naples Global Advisors LLC grew 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 worth $540,000 after acquiring an additional 250 shares in the last quarter. RMR Advisors LLC raised its stake in shares of One Liberty Properties by 1.7% during the second quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 307 shares in the last quarter. Bowling Portfolio Management LLC bought a new stake in shares of One Liberty Properties during the second quarter valued at approximately $580,000. Bessemer Group Inc. raised its stake in shares of 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 valued at $834,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of One Liberty Properties by 33.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock valued at $1,888,000 after acquiring an additional 20,071 shares in the last quarter. Hedge funds and other institutional investors own 41.56% of the company’s stock.

Shares of One Liberty Properties, Inc. (NYSE:OLP) opened at $25.61 on Wednesday. The company has a market cap of $477.26, a PE ratio of 12.46, a price-to-earnings-growth ratio of 2.01 and a beta of 0.85. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.36. One Liberty Properties, Inc. has a 1-year low of $21.96 and a 1-year high of $25.89.

OLP has been the subject of a number of recent research reports. raised shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. lifted their price target on shares of One Liberty Properties from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday. lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. FBR & Co initiated coverage on shares of One Liberty Properties in a report on Monday, July 24th. They set a “mkt perform” rating and a $25.50 price objective on the stock. Finally, raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.25.

In other news, VP Justin Clair sold 2,839 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lawrence Ricketts sold 7,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 113,302 shares in the company, valued at $2,735,110.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,939 shares of company stock valued at $290,112. 8.60% of the stock is owned by insiders.

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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.

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

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