Justin Clair Sells 2,676 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 2,676 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the sale, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

One Liberty Properties Trading Down 1.0%

NYSE OLP opened at $23.19 on Thursday. The business’s 50-day moving average price is $22.81 and its two-hundred day moving average price is $21.74. One Liberty Properties, Inc. has a 12 month low of $19.62 and a 12 month high of $25.90. The firm has a market capitalization of $506.09 million, a PE ratio of 18.26 and a beta of 0.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The firm had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million. On average, analysts expect that One Liberty Properties, Inc. will post 1.71 EPS for the current year.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date was Friday, March 27th. One Liberty Properties’s payout ratio is 141.73%.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently made changes to their positions in OLP. US Bancorp DE boosted its position 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 valued at $28,000 after purchasing an additional 490 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of One Liberty Properties during the 1st quarter valued at about $36,000. GAMMA Investing LLC boosted its position 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 purchasing an additional 1,380 shares in the last quarter. Camelot Portfolios LLC bought a new stake in shares of One Liberty Properties during the 4th quarter valued at about $51,000. Finally, Versant Capital Management Inc boosted its position in shares of One Liberty Properties by 635.9% during the 3rd quarter. Versant Capital Management Inc now owns 2,627 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 2,270 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on OLP shares. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. 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 report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.50.

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.