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

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 6,000 shares of the firm’s stock in a transaction on 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 owned 165,522 shares in the company, valued at approximately $4,055,289. This trade represents a 3.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 value 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 value of $54,571.82.
• On Thursday, April 2nd, Lawrence Ricketts sold 2,999 shares of One Liberty Properties stock. The stock was 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 NYSE OLP opened at $24.73 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $25.00. The stock has a market capitalization of $539.61 million, a P/E ratio of 19.47 and a beta of 0.90. The stock’s fifty day moving average is $23.59 and its 200 day moving average is $22.53.

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 for the quarter, topping the consensus estimate of $0.26 by $0.22. The business 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%. Sell-side analysts forecast that One Liberty Properties, Inc. will post 1.73 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The company also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, June 25th. One Liberty Properties’s dividend payout ratio is 141.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OLP. Bank of America Corp DE grew its holdings in shares of One Liberty Properties by 7.8% during the 1st quarter. Bank of America Corp DE now owns 35,551 shares of the real estate investment trust’s stock valued at $763,000 after purchasing an additional 2,586 shares during the last quarter. Quantinno Capital Management LP lifted its stake in 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 during the last quarter. Public Employees Retirement System of Ohio lifted its stake in One Liberty Properties by 227.8% in 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. PNC Financial Services Group Inc. lifted its stake in One Liberty Properties by 29.7% in 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. Finally, Dimensional Fund Advisors LP boosted its position in 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 buying an additional 1,246 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OLP. B. Riley Financial lifted their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings restated a “sell (d-)” rating on shares of One Liberty Properties in a research note on Tuesday, June 9th. Finally, Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.