One Liberty Properties (NYSE:OLP) COO Sells $47,160.00 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $23.58, for a total transaction of $47,160.00. Following the sale, the chief operating officer directly owned 181,021 shares of the company’s stock, valued at approximately $4,268,475.18. This trade represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, March 25th, Lawrence Ricketts sold 500 shares of One Liberty Properties stock. The stock was sold at an average price of $22.33, for a total transaction of $11,165.00.
• On Monday, March 23rd, Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock. The shares were sold at an average price of $22.64, for a total transaction of $113,200.00.
• On Tuesday, March 17th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The shares were sold at an average price of $23.38, for a total transaction of $58,473.38.
• 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 transaction of $34,546.47.

One Liberty Properties Price Performance

NYSE OLP traded down $0.12 on Wednesday, hitting $22.19. 75,926 shares of the company’s stock were exchanged, compared to its average volume of 79,152. The stock has a 50-day moving average of $22.49 and a 200-day moving average of $21.55. The stock has a market cap of $483.96 million, a price-to-earnings ratio of 18.97 and a beta of 0.95. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $26.65. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, March 27th. One Liberty Properties’s dividend payout ratio is currently 153.85%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OLP. Wall Street Zen lowered One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. B. Riley Financial reissued 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, Weiss Ratings restated a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, One Liberty Properties has a consensus rating of “Hold” and an average target price of $27.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OLP. Jane Street Group LLC lifted its stake in shares of One Liberty Properties by 172.5% in the 1st quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 31,313 shares during the last quarter. Strs Ohio bought a new stake in One Liberty Properties during the 1st quarter worth $76,000. Allworth Financial LP grew its position in One Liberty Properties by 1,440.5% during the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,138 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in One Liberty Properties by 87.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,972 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,781 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in One Liberty Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 522,344 shares of the real estate investment trust’s stock worth $12,465,000 after purchasing an additional 52,252 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors and hedge funds.

One Liberty Properties Company 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.