Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells $147,000.00 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 6,000 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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 transaction of $84,710.79.
• 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 stock was sold at an average price of $21.86, for a total transaction of $65,558.14.

One Liberty Properties Trading Up 1.8%

OLP opened at $24.85 on Thursday. One Liberty Properties, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $25.00. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $542.29 million, a price-to-earnings ratio of 19.57 and a beta of 0.88. The company’s 50 day moving average price is $23.64 and its two-hundred day moving average price is $22.58.

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

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, June 25th. One Liberty Properties’s dividend payout ratio is presently 141.73%.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE boosted its position in One Liberty Properties by 62.7% during the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of One Liberty Properties in the 1st quarter valued at about $36,000. GAMMA Investing LLC boosted its position in shares of One Liberty Properties by 241.7% during the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 1,380 shares in the last quarter. Camelot Portfolios LLC bought a new stake in shares of One Liberty Properties during the 4th quarter valued at about $51,000. Finally, Russell Investments Group Ltd. grew its stake in One Liberty Properties by 607.7% during the third quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 2,291 shares during the period. Institutional investors and hedge funds own 36.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on OLP. Wall Street Zen raised 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 raised their price objective 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 analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, One Liberty Properties currently has an average rating of “Hold” and an average price target of $28.50.

About One Liberty Properties

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.