One Liberty Properties, Inc. (NYSE:OLP) COO Sells $28,800.00 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Justin Clair sold 1,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $24.00, for a total value of $28,800.00. Following the transaction, the chief operating officer now directly owns 43,049 shares in the company, valued at approximately $1,033,176. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

One Liberty Properties Trading Down 0.2 %

Shares of NYSE OLP traded down $0.05 during midday trading on Friday, hitting $23.13. The company’s stock had a trading volume of 2,415 shares, compared to its average volume of 53,532. One Liberty Properties, Inc. has a 12-month low of $17.55 and a 12-month high of $24.30. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 1.36. The firm has a market cap of $487.35 million, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. The business’s 50 day moving average is $22.85 and its two-hundred day moving average is $21.64.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, March 27th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, March 26th. This represents a $1.80 dividend on an annualized basis and a yield of 7.78%. One Liberty Properties’s payout ratio is 132.35%.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC increased its stake in One Liberty Properties by 41.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock worth $2,286,000 after buying an additional 30,470 shares during the period. Penserra Capital Management LLC increased its position in shares of One Liberty Properties by 14.4% during the third quarter. Penserra Capital Management LLC now owns 23,574 shares of the real estate investment trust’s stock worth $434,000 after acquiring an additional 2,968 shares during the period. Panagora Asset Management Inc. raised its stake in shares of One Liberty Properties by 54.7% during the third quarter. Panagora Asset Management Inc. now owns 21,667 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 7,658 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of One Liberty Properties by 26.6% in the fourth quarter. SG Americas Securities LLC now owns 9,181 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 1,930 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of One Liberty Properties by 0.4% in the third quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock valued at $33,406,000 after purchasing an additional 7,431 shares during the period. 36.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OLP has been the subject of several recent analyst reports. StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. B. Riley lifted their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, April 15th.

One Liberty Properties Company Profile

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.