One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 6,000 Shares of Stock

One Liberty Properties, Inc. (NYSE:OLPGet Free Report) COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $24.50, for a total value of $147,000.00. Following the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at approximately $4,055,289. This represents a 3.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 value of $84,710.79.
  • On Thursday, June 25th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The stock was sold at an average price of $21.82, for a total value 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 value of $65,558.14.

One Liberty Properties Trading Up 1.1%

Shares of OLP traded up $0.27 during trading hours on Monday, hitting $24.73. 114,930 shares of the stock traded hands, compared to its average volume of 72,935. The business has a fifty day moving average of $23.56 and a 200-day moving average of $22.50. The firm has a market capitalization of $539.61 million, a PE ratio of 19.47 and a beta of 0.90. One Liberty Properties, Inc. has a 1-year low of $19.62 and a 1-year high of $25.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89.

One Liberty Properties (NYSE:OLPGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $28.29 million during the quarter, compared to analysts’ expectations of $26.77 million. Analysts expect that One Liberty Properties, Inc. will post 1.73 EPS for the current year.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 25th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, June 25th. One Liberty Properties’s payout ratio is 141.73%.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of One Liberty Properties by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust’s stock valued at $38,581,000 after buying an additional 8,772 shares during the period. Geode Capital Management LLC raised its stake in One Liberty Properties by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust’s stock worth $9,840,000 after buying an additional 12,519 shares during the period. Dimensional Fund Advisors LP raised its stake in One Liberty Properties by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after buying an additional 1,246 shares during the period. Quantinno Capital Management LP lifted its holdings in One Liberty Properties by 31.3% during the first quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock worth $2,067,000 after acquiring an additional 22,961 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in One Liberty Properties by 19.3% during the fourth quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock worth $1,660,000 after acquiring an additional 13,259 shares in the last quarter. 36.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OLP. B. Riley Financial raised their price objective on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of One Liberty Properties in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, One Liberty Properties currently has an average rating of “Hold” and a consensus target price of $28.50.

View Our Latest Stock Analysis on One Liberty Properties

About One Liberty Properties

(Get Free Report)

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.

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