One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 2,000 Shares

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $23.58, for a total value of $47,160.00. Following the completion of the transaction, the chief operating officer directly owned 181,021 shares of the company’s stock, valued at approximately $4,268,475.18. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, March 25th, Lawrence Ricketts sold 500 shares of One Liberty Properties stock. The stock was sold at an average price of $22.33, for a total transaction of $11,165.00.
• On Monday, March 23rd, Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock. The shares were sold at an average price of $22.64, for a total value of $113,200.00.
• 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.
• On Monday, March 16th, Lawrence Ricketts sold 1,491 shares of One Liberty Properties stock. The shares were sold at an average price of $23.17, for a total transaction of $34,546.47.

One Liberty Properties Price Performance

NYSE OLP traded down $0.12 during trading hours on Wednesday, reaching $22.19. 75,926 shares of the company’s stock were exchanged, compared to its average volume of 79,152. The firm has a fifty day moving average of $22.49 and a 200-day moving average of $21.55. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $26.65. The stock has a market cap of $483.96 million, a PE ratio of 18.97 and a beta of 0.95.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 27th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.1%. One Liberty Properties’s dividend payout ratio (DPR) is currently 153.85%.

Wall Street Analysts Forecast Growth

OLP has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday, December 29th. Wall Street Zen lowered One Liberty Properties from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Finally, B. Riley Financial reiterated a “buy” rating and set a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.50.

Institutional Trading of One Liberty Properties

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of One Liberty Properties by 172.5% in the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 31,313 shares during the period. Strs Ohio bought a new position in One Liberty Properties during the 1st quarter worth $76,000. Allworth Financial LP raised its holdings in One Liberty Properties by 1,440.5% in the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,138 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of One Liberty Properties by 87.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,972 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,781 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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. 36.24% of the stock is 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.