Justin Clair Sells 4,500 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 4,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $24.06, for a total value of $108,270.00. Following the transaction, the executive vice president owned 34,153 shares in the company, valued at approximately $821,721.18. This represents a 11.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

One Liberty Properties Stock Up 1.3%

Shares of OLP traded up $0.32 during trading hours on Wednesday, hitting $24.42. The company had a trading volume of 58,152 shares, compared to its average volume of 75,757. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $25.88. The company’s fifty day moving average price is $24.56 and its two-hundred day moving average price is $23.50. The company has a market capitalization of $532.97 million, a PE ratio of 15.36 and a beta of 0.87. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.73.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%.The firm had revenue of $27.00 million during the quarter, compared to analyst estimates of $26.78 million. As a group, equities analysts forecast that One Liberty Properties, Inc. will post 1.74 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. One Liberty Properties’s dividend payout ratio is currently 113.21%.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in shares of One Liberty Properties in the 2nd quarter valued at approximately $1,207,000. Hsbc Holdings PLC acquired a new stake in One Liberty Properties in the fourth quarter valued at about $411,000. Quantinno Capital Management LP grew its position in One Liberty Properties by 31.3% in the first quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock valued at $2,067,000 after acquiring an additional 22,961 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of One Liberty Properties in the second quarter valued at approximately $827,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of One Liberty Properties in the second quarter worth approximately $305,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on OLP shares. Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. Zacks Research upgraded shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, B. Riley Financial raised their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.