Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells $54,571.82 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,501 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $21.82, for a total transaction of $54,571.82. Following the completion of the transaction, the chief operating officer owned 175,021 shares in the company, valued at $3,818,958.22. This represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $24.50, for a total transaction of $147,000.00.
• On Friday, June 26th, Lawrence Ricketts sold 3,499 shares of One Liberty Properties stock. The stock was sold at an average price of $24.21, for a total transaction of $84,710.79.
• 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 Performance

OLP stock opened at $24.85 on Thursday. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month high of $25.00. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.89. The company has a market cap of $542.29 million, a P/E ratio of 19.57 and a beta of 0.88. The business’s fifty day moving average is $23.64 and its 200-day moving average is $22.58.

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

One Liberty Properties Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in One Liberty Properties during the 4th quarter worth about $1,187,000. Man Group plc grew its holdings in shares of One Liberty Properties by 184.6% in the 2nd quarter. Man Group plc now owns 71,397 shares of the real estate investment trust’s stock valued at $1,704,000 after acquiring an additional 46,308 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of One Liberty Properties in the fourth quarter valued at about $656,000. Jane Street Group LLC increased its position in shares of One Liberty Properties by 172.5% in the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock valued at $1,300,000 after acquiring an additional 31,313 shares during the last quarter. Finally, HRT Financial LP bought a new stake in One Liberty Properties during the fourth quarter worth about $483,000. Institutional investors own 36.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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