One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 2,501 Shares

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,501 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $21.82, for a total transaction of $54,571.82. Following the sale, the chief operating officer owned 175,021 shares in the company, valued at approximately $3,818,958.22. This trade represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $24.50, for a total value 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 value 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 value of $65,558.14.

One Liberty Properties Stock Up 1.1%

Shares of One Liberty Properties stock opened at $24.73 on Tuesday. 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’s 50 day simple moving average is $23.59 and its 200-day simple moving average is $22.53. The stock has a market capitalization of $539.61 million, a price-to-earnings ratio of 19.47 and a beta of 0.90. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month high of $25.00.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.22. The business had revenue of $28.29 million for the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Equities research analysts forecast that One Liberty Properties, Inc. will post 1.73 earnings per share for the current year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Thursday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is presently 141.73%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted 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 valued at $449,000 after purchasing an additional 14,548 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of One Liberty Properties in the 4th quarter worth $411,000. New York State Teachers Retirement System bought a new stake in shares of One Liberty Properties in the 1st quarter worth $36,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of One Liberty Properties by 13.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 25,020 shares of the real estate investment trust’s stock valued at $508,000 after buying an additional 3,000 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of One Liberty Properties by 108.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,825 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 5,624 shares during the period. Institutional investors and hedge funds own 36.24% of the company’s stock.

Analyst Upgrades and Downgrades

OLP has been the topic of a number of analyst reports. Wall Street Zen raised shares of 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 research note on Tuesday, June 9th. Finally, B. Riley Financial upped 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.