One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 1,491 Shares

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 1,491 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $23.17, for a total transaction of $34,546.47. Following the completion of the sale, the chief operating officer directly owned 190,522 shares of the company’s stock, valued at $4,414,394.74. The trade was a 0.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.

One Liberty Properties Stock Down 0.5%

One Liberty Properties stock traded down $0.11 during trading on Thursday, reaching $22.57. 18,618 shares of the company’s stock were exchanged, compared to its average volume of 76,313. One Liberty Properties, Inc. has a 52-week low of $19.62 and a 52-week high of $26.86. The firm has a market cap of $492.27 million, a price-to-earnings ratio of 19.31, a PEG ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97. The company’s 50-day moving average is $22.36 and its two-hundred day moving average is $21.59.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 27th will be paid a $0.45 dividend. The ex-dividend date is Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. One Liberty Properties’s dividend payout ratio (DPR) is 153.85%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on OLP shares. B. Riley Financial reissued a “buy” rating and set a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of One Liberty Properties in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, One Liberty Properties presently has an average rating of “Hold” and an average target price of $27.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of One Liberty Properties during the 4th quarter valued at approximately $1,187,000. Geode Capital Management LLC boosted its holdings in One Liberty Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 522,344 shares of the real estate investment trust’s stock worth $12,465,000 after purchasing an additional 52,252 shares during the period. Man Group plc boosted its holdings in One Liberty Properties by 184.6% in the second quarter. Man Group plc now owns 71,397 shares of the real estate investment trust’s stock worth $1,704,000 after purchasing an additional 46,308 shares during the period. Millennium Management LLC bought a new stake in One Liberty Properties during the fourth quarter valued at $656,000. Finally, Jane Street Group LLC raised its holdings in shares of One Liberty Properties by 172.5% during the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock worth $1,300,000 after purchasing an additional 31,313 shares during the period. Institutional investors and hedge funds own 36.24% of the company’s stock.

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.