One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 2,999 Shares

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,999 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $21.86, for a total transaction of $65,558.14. Following the completion of the transaction, the chief operating officer owned 177,522 shares in the company, valued at $3,880,630.92. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lawrence Ricketts also recently made the following trade(s):

• On Wednesday, March 25th, Lawrence Ricketts sold 500 shares of One Liberty Properties stock. The shares were sold at an average price of $22.33, for a total transaction of $11,165.00.
• On Tuesday, March 24th, Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock. The shares were sold at an average price of $23.58, for a total transaction of $47,160.00.
• On Monday, March 23rd, Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock. The shares were sold at an average price of $22.64, for a total transaction of $113,200.00.
• On Tuesday, March 17th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The stock was sold at an average price of $23.38, for a total transaction of $58,473.38.
• On Monday, March 16th, Lawrence Ricketts sold 1,491 shares of One Liberty Properties stock. The stock was sold at an average price of $23.17, for a total transaction of $34,546.47.

One Liberty Properties Stock Up 0.1%

One Liberty Properties stock opened at $22.07 on Tuesday. One Liberty Properties, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $25.90. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97. The firm has a 50 day moving average price of $22.59 and a 200 day moving average price of $21.48. The company has a market capitalization of $481.30 million, a PE ratio of 18.86 and a beta of 0.96.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.80 annualized dividend and a yield of 8.2%. One Liberty Properties’s dividend payout ratio is presently 153.85%.

Hedge Funds Weigh In On One Liberty Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. US Bancorp DE boosted its position in One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares during the period. GAMMA Investing LLC boosted its position in One Liberty Properties by 241.7% in the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,380 shares during the period. Camelot Portfolios LLC purchased a new position in One Liberty Properties in the 4th quarter valued at approximately $51,000. Versant Capital Management Inc boosted its position in One Liberty Properties by 635.9% in the 3rd quarter. Versant Capital Management Inc now owns 2,627 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 2,270 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in One Liberty Properties by 607.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,291 shares during the period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday, December 29th. Finally, B. Riley Financial restated a “buy” rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.50.

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.