Lawrence Ricketts Sells 500 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 500 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $22.33, for a total transaction of $11,165.00. Following the completion of the sale, the chief operating officer owned 180,521 shares of the company’s stock, valued at approximately $4,031,033.93. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 24th, Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock. The stock was sold at an average price of $23.58, for a total transaction of $47,160.00.
• 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 value of $113,200.00.
• On Tuesday, March 17th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The stock was sold at an average price of $23.38, for a total value 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 Stock Performance

NYSE:OLP opened at $22.25 on Friday. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month high of $26.63. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73. The firm has a 50-day moving average price of $22.52 and a two-hundred day moving average price of $21.55. The company has a market capitalization of $485.16 million, a P/E ratio of 19.01 and a beta of 0.95.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, March 27th. One Liberty Properties’s payout ratio is 153.85%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings restated a “sell (e)” rating on shares of One Liberty Properties in a research report on Monday, December 29th. Wall Street Zen downgraded shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Finally, B. Riley Financial restated a “buy” rating and issued a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.50.

Hedge Funds Weigh In On One Liberty Properties

A number of hedge funds have recently made changes to their positions in OLP. Allworth Financial LP lifted its stake 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 worth $29,000 after purchasing an additional 1,138 shares in the last quarter. US Bancorp DE grew its stake in shares of One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of One Liberty Properties by 43.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 568 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 1,380 shares during the period. Finally, Camelot Portfolios LLC purchased a new stake in shares of One Liberty Properties during the 4th quarter valued at about $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.