One Liberty Properties (NYSE:OLP) COO Sells $54,571.82 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,501 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $21.82, for a total transaction of $54,571.82. Following the transaction, the chief operating officer directly owned 175,021 shares of the company’s stock, valued at approximately $3,818,958.22. This represents a 1.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 transaction of $147,000.00.
• 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, 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 Price Performance

Shares of One Liberty Properties stock traded up $0.27 during trading on Monday, hitting $24.73. The stock had a trading volume of 114,930 shares, compared to its average volume of 72,935. The firm has a market cap of $539.61 million, a price-to-earnings ratio of 19.47 and a beta of 0.90. One Liberty Properties, Inc. has a 12 month low of $19.62 and a 12 month high of $25.00. The business’s 50-day moving average is $23.56 and its 200 day moving average is $22.50. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $26.77 million. As a group, sell-side analysts anticipate that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.80 annualized dividend and a dividend yield of 7.3%. One Liberty Properties’s payout ratio is presently 141.73%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OLP. B. Riley Financial lifted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of One Liberty Properties in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. 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, the stock presently has an average rating of “Hold” and an average price target of $28.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $5,021,000 after acquiring an additional 1,246 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of One Liberty Properties by 31.3% in the 1st 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. PNC Financial Services Group Inc. grew its holdings in shares of One Liberty Properties by 29.7% during 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 purchasing an additional 3,219 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of 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 valued at $449,000 after purchasing an additional 14,548 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in One Liberty Properties in the 4th quarter worth $411,000. 36.24% of the stock is currently 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.