Lawrence Ricketts Sells 2,501 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,501 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $23.38, for a total value of $58,473.38. Following the completion of the transaction, the chief operating officer directly owned 188,021 shares in the company, valued at approximately $4,395,930.98. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Trading Down 0.3%

Shares of One Liberty Properties stock opened at $22.61 on Friday. The firm has a market cap of $493.17 million, a price-to-earnings ratio of 19.32, a PEG ratio of 2.65 and a beta of 0.95. The business has a 50-day moving average price of $22.39 and a 200-day moving average price of $21.60. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.73. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month high of $26.86.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 27th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. One Liberty Properties’s dividend payout ratio (DPR) is presently 153.85%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On One Liberty Properties

Large investors have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new position in shares of One Liberty Properties in the fourth quarter worth about $300,000. Millennium Management LLC bought a new position in One Liberty Properties in the 4th quarter worth about $656,000. Guggenheim Capital LLC increased its position in shares of One Liberty Properties by 10.9% during the fourth quarter. Guggenheim Capital LLC now owns 18,027 shares of the real estate investment trust’s stock worth $366,000 after acquiring an additional 1,767 shares during the period. AQR Capital Management LLC bought a new stake in shares of One Liberty Properties during the fourth quarter valued at approximately $235,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of One Liberty Properties by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,420 shares of the real estate investment trust’s stock valued at $354,000 after purchasing an additional 1,454 shares during the period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

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.