Lawrence Ricketts Sells 6,000 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 6,000 shares of One Liberty Properties stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at $4,055,289. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, June 26th, Lawrence Ricketts sold 3,499 shares of One Liberty Properties stock. The shares were sold at an average price of $24.21, for a total transaction of $84,710.79.
• 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

Shares of 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. The business has a 50-day moving average price of $23.61 and a two-hundred day moving average price of $22.55. One Liberty Properties, Inc. has a 1-year low of $19.62 and a 1-year high of $25.00. 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 announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating 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 company had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. As a group, analysts anticipate that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Announces Dividend

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

Institutional Investors Weigh In On One Liberty Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in One Liberty Properties by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock worth $38,581,000 after acquiring an additional 8,772 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of One Liberty Properties by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock valued at $9,840,000 after purchasing an additional 12,519 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of 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 last quarter. Quantinno Capital Management LP lifted its position in shares of 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 valued at $2,067,000 after purchasing an additional 22,961 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of One Liberty Properties by 19.3% during the fourth quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock valued at $1,660,000 after purchasing an additional 13,259 shares in the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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