Justin Clair Sells 3,324 Shares of One Liberty Properties, Inc. (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 3,324 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $25.10, for a total value of $83,432.40. Following the sale, the executive vice president now directly owns 35,750 shares in the company, valued at approximately $897,325. This trade represents a 8.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

One Liberty Properties Trading Up 3.3 %

Shares of OLP stock opened at $24.08 on Thursday. The firm has a market cap of $519.81 million, a P/E ratio of 14.86, a price-to-earnings-growth ratio of 3.02 and a beta of 1.11. The business has a 50-day moving average price of $25.97 and a two-hundred day moving average price of $26.94. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties, Inc. has a 12-month low of $21.11 and a 12-month high of $30.45.

One Liberty Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.80 annualized dividend and a dividend yield of 7.48%. One Liberty Properties’s payout ratio is presently 128.57%.

Analysts Set New Price Targets

Separately, StockNews.com raised One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Saturday, March 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of One Liberty Properties by 3,024.2% during the first quarter. GAMMA Investing LLC now owns 24,431 shares of the real estate investment trust’s stock worth $642,000 after purchasing an additional 23,649 shares in the last quarter. Lazard Asset Management LLC raised its position in One Liberty Properties by 934.8% during the fourth quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 4,917 shares during the period. Deutsche Bank AG boosted its stake in One Liberty Properties by 30.6% during the fourth quarter. Deutsche Bank AG now owns 10,776 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 2,526 shares during the period. Bank of America Corp DE boosted its stake in shares of One Liberty Properties by 24.9% during the 4th quarter. Bank of America Corp DE now owns 23,793 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 4,745 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of One Liberty Properties by 88.0% during the fourth quarter. Jane Street Group LLC now owns 18,155 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 8,496 shares during the period. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.