Lawrence Ricketts Sells 2,000 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $23.58, for a total transaction of $47,160.00. Following the completion of the transaction, the chief operating officer directly owned 181,021 shares of the company’s stock, valued at approximately $4,268,475.18. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, March 25th, Lawrence Ricketts sold 500 shares of One Liberty Properties stock. The stock was sold at an average price of $22.33, for a total transaction of $11,165.00.
• 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 0.4%

Shares of NYSE:OLP opened at $22.25 on Friday. The firm has a market capitalization of $485.16 million, a PE ratio of 19.01 and a beta of 0.95. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.97 and a current ratio of 1.97. One Liberty Properties, Inc. has a 52-week low of $19.62 and a 52-week high of $26.63. The firm has a fifty day moving average of $22.52 and a 200 day moving average of $21.55.

One Liberty Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 27th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.80 annualized dividend and a yield of 8.1%. One Liberty Properties’s payout ratio is 153.85%.

Institutional Trading of One Liberty Properties

Hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in shares of 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 in the last quarter. Allworth Financial LP boosted its holdings in One Liberty Properties by 1,440.5% in the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 1,138 shares in the last quarter. GAMMA Investing LLC boosted its holdings in One Liberty Properties by 241.7% in the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,380 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in One Liberty Properties by 43.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 568 shares during the period. Finally, Camelot Portfolios LLC bought a new position in One Liberty Properties in the 4th quarter worth $51,000. 36.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. B. Riley Financial reiterated a “buy” rating and set a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. Wall Street Zen downgraded One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of One Liberty Properties in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.