One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 3,499 Shares

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 3,499 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $24.21, for a total value of $84,710.79. Following the transaction, the chief operating officer owned 171,522 shares of the company’s stock, valued at approximately $4,152,547.62. This represents a 2.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $147,000.00.
• On Thursday, June 25th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The shares were 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 Up 1.1%

Shares of NYSE OLP 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. One Liberty Properties, Inc. has a 12 month low of $19.62 and a 12 month high of $25.00. The firm has a market capitalization of $539.61 million, a PE ratio of 19.47 and a beta of 0.90. The firm has a fifty day simple moving average of $23.59 and a two-hundred day simple moving average of $22.53.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.26 by $0.22. The firm had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.3%. One Liberty Properties’s dividend payout ratio (DPR) is 141.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of One Liberty Properties in a research report on Tuesday, June 9th. B. Riley Financial increased their target price on 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, Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.50.

Institutional Trading of One Liberty Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE grew its stake in shares of One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of One Liberty Properties by 6.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 585 shares during the last quarter. Legal & General Group Plc raised its position in shares of One Liberty Properties by 4.7% in the 3rd quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 996 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 1,246 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in One Liberty Properties by 241.7% in the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,380 shares in the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

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.