Lawrence Ricketts Sells 2,999 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,999 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $21.86, for a total value of $65,558.14. Following the sale, the chief operating officer owned 177,522 shares of the company’s stock, valued at approximately $3,880,630.92. This represents a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $11,165.00.
• 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 value 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 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 stock was sold at an average price of $23.17, for a total transaction of $34,546.47.

One Liberty Properties Stock Up 0.1%

Shares of One Liberty Properties stock traded up $0.02 during trading hours on Monday, reaching $22.07. The company’s stock had a trading volume of 83,584 shares, compared to its average volume of 79,611. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $25.90. The company has a market capitalization of $481.24 million, a P/E ratio of 18.86 and a beta of 0.96. The stock’s fifty day simple moving average is $22.57 and its two-hundred day simple moving average is $21.48. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97.

One Liberty Properties Announces Dividend

The firm also recently announced 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, March 27th. One Liberty Properties’s dividend payout ratio is currently 153.85%.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds have recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 585 shares during the last quarter. Resona Asset Management Co. Ltd. increased its position in shares of One Liberty Properties by 12.2% during the third quarter. Resona Asset Management Co. Ltd. now owns 6,986 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 758 shares during the last quarter. Legal & General Group Plc lifted its holdings in One Liberty Properties by 4.7% during the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after acquiring an additional 996 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in One Liberty Properties by 12.3% during the third quarter. State of Alaska Department of Revenue now owns 9,955 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 1,089 shares during the period. Institutional investors own 36.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.