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 One Liberty Properties stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $21.82, for a total transaction of $54,571.82. Following the completion of the sale, the chief operating officer owned 175,021 shares in the company, valued at $3,818,958.22. This trade represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 29th, Lawrence Ricketts sold 6,000 shares of One Liberty Properties stock. The stock was sold at an average price of $24.50, for a total transaction of $147,000.00.
• On Friday, June 26th, Lawrence Ricketts sold 3,499 shares of One Liberty Properties stock. The stock was sold at an average price of $24.21, for a total transaction of $84,710.79.
• On Thursday, April 2nd, Lawrence Ricketts sold 2,999 shares of One Liberty Properties stock. The shares were sold at an average price of $21.86, for a total transaction of $65,558.14.

One Liberty Properties Stock Down 0.6%

One Liberty Properties stock opened at $24.49 on Wednesday. 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, Inc. has a 1-year low of $19.62 and a 1-year high of $25.00. The company has a fifty day simple moving average of $23.61 and a 200 day simple moving average of $22.55. The company has a market cap of $534.28 million, a P/E ratio of 19.28 and a beta of 0.90.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.26 by $0.22. The firm had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. Research analysts anticipate that One Liberty Properties, Inc. will post 1.73 earnings per share for the current fiscal year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.4%. The ex-dividend date is Thursday, June 25th. One Liberty Properties’s dividend payout ratio is presently 141.73%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in One Liberty Properties by 7.8% in the 1st quarter. Bank of America Corp DE now owns 35,551 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 2,586 shares during the last quarter. Quantinno Capital Management LP increased its position in One Liberty Properties by 31.3% during the first quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock worth $2,067,000 after buying an additional 22,961 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in One Liberty Properties by 227.8% during the first quarter. Public Employees Retirement System of Ohio now owns 20,934 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 14,548 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in One Liberty Properties by 29.7% in the first quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock valued at $301,000 after buying an additional 3,219 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in One Liberty Properties by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock valued at $5,021,000 after buying an additional 1,246 shares during the period. 36.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on OLP. Weiss Ratings restated a “sell (d-)” rating on shares of One Liberty Properties in a research note on Tuesday, June 9th. B. Riley Financial upped their price objective on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One investment 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, the company has a consensus rating of “Hold” and a consensus price target of $28.50.

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.