Lawrence Ricketts Sells 2,501 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,501 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $23.38, for a total value of $58,473.38. Following the sale, the chief operating officer owned 188,021 shares in the company, valued at approximately $4,395,930.98. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Lawrence Ricketts also recently made the following trade(s):

• On Monday, March 16th, Lawrence Ricketts sold 1,491 shares of One Liberty Properties stock. The shares were sold at an average price of $23.17, for a total value of $34,546.47.

One Liberty Properties Price Performance

OLP stock traded down $0.38 during midday trading on Wednesday, reaching $22.69. The company had a trading volume of 99,068 shares, compared to its average volume of 77,453. The company has a market capitalization of $494.89 million, a P/E ratio of 19.39, a P/E/G ratio of 2.68 and a beta of 0.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.97. One Liberty Properties, Inc. has a 1 year low of $19.62 and a 1 year high of $26.86. The firm has a 50-day moving average price of $22.33 and a 200-day moving average price of $21.59.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 27th will be issued a $0.45 dividend. The ex-dividend date is Friday, March 27th. This represents a $1.80 annualized dividend and a yield of 7.9%. One Liberty Properties’s payout ratio is 153.85%.

Analyst Upgrades and Downgrades

OLP has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e)” rating on shares of One Liberty Properties in a report on Monday, December 29th. B. Riley Financial restated a “buy” rating and set a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a research note on Wednesday, March 11th. Finally, Wall Street Zen downgraded One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $27.50.

Hedge Funds Weigh In On One Liberty Properties

A number of institutional investors and hedge funds have recently modified their holdings of OLP. US Bancorp DE lifted its stake in shares of 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 worth $28,000 after purchasing an additional 490 shares during the last quarter. Allworth Financial LP grew its holdings in shares of One Liberty Properties by 1,440.5% during the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,138 shares during the last quarter. GAMMA Investing LLC grew its stake in One Liberty Properties by 241.7% during the 4th 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. Ameritas Investment Partners Inc. increased its holdings in One Liberty Properties by 43.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 568 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in shares of One Liberty Properties in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

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.