Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells $84,710.79 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 3,499 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $24.21, for a total transaction of $84,710.79. Following the completion of the transaction, the chief operating officer directly owned 171,522 shares of the company’s stock, valued at approximately $4,152,547.62. This trade represents a 2.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 value of $147,000.00.
• On Thursday, June 25th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The stock was 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 Stock Performance

OLP opened at $24.85 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.89. One Liberty Properties, Inc. has a 12-month low of $19.62 and a 12-month high of $25.00. The business has a 50 day moving average of $23.64 and a 200-day moving average of $22.58. The stock has a market cap of $542.29 million, a price-to-earnings ratio of 19.57 and a beta of 0.88.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping 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 business had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million. On average, equities research analysts expect that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, June 25th. One Liberty Properties’s dividend payout ratio is currently 141.73%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OLP. Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of One Liberty Properties in a report on Tuesday, June 9th. Finally, B. Riley Financial boosted their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research report on Tuesday, June 9th. One 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.com, the stock has a consensus rating of “Hold” and an average target price of $28.50.

Institutional Inflows and Outflows

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

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.