Lawrence Ricketts Sells 3,499 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 3,499 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $24.21, for a total value of $84,710.79. Following the transaction, the chief operating officer directly owned 171,522 shares of the company’s stock, valued at approximately $4,152,547.62. The trade was a 2.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 shares were sold at an average price of $24.50, for a total transaction of $147,000.00.
• On Thursday, June 25th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The shares were sold at an average price of $21.82, for a total transaction of $54,571.82.
• 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 Price Performance

OLP stock opened at $24.49 on Wednesday. The company has a 50 day simple moving average of $23.61 and a 200 day simple moving average of $22.55. The stock has a market cap of $534.28 million, a price-to-earnings ratio of 19.28 and a beta of 0.90. One Liberty Properties, Inc. has a 1 year low of $19.62 and a 1 year high of $25.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95.

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

One Liberty Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OLP shares. Weiss Ratings restated a “sell (d-)” rating on shares of One Liberty Properties in a research report on Tuesday, June 9th. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, B. Riley Financial lifted their price target on One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.50.

Hedge Funds Weigh In On One Liberty Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in shares of One Liberty Properties by 62.7% during the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of One Liberty Properties by 6.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 585 shares during the last quarter. Legal & General Group Plc grew its stake in shares of One Liberty Properties by 4.7% in the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 996 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 1,246 shares during the period. Finally, GAMMA Investing LLC increased its holdings in One Liberty Properties by 241.7% in the fourth 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 during the period. 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.