One Liberty Properties (NYSE:OLP) EVP Sells $62,511.36 in Stock

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 2,676 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the transaction, the executive vice president owned 33,074 shares of the company’s stock, valued at $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

One Liberty Properties Stock Performance

Shares of One Liberty Properties stock traded down $0.12 during trading on Tuesday, hitting $23.47. 48,762 shares of the company’s stock traded hands, compared to its average volume of 72,722. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. One Liberty Properties, Inc. has a 1 year low of $19.62 and a 1 year high of $25.90. The stock has a market capitalization of $512.12 million, a P/E ratio of 18.48 and a beta of 0.90. The business has a 50-day simple moving average of $22.82 and a 200-day simple moving average of $21.71.

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 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 company had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $26.77 million. As a group, analysts forecast that One Liberty Properties, Inc. will post 1.71 EPS for the current year.

One Liberty Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 27th were given 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 dividend yield of 7.7%. One Liberty Properties’s dividend payout ratio (DPR) is 141.73%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wall Street Zen raised One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. B. Riley Financial reissued a “buy” rating and issued a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, One Liberty Properties currently has a consensus rating of “Hold” and a consensus price target of $27.50.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of One Liberty Properties by 0.5% during 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 in the last quarter. 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 valued at $9,840,000 after purchasing 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 valued at $5,021,000 after purchasing an additional 1,246 shares during the period. Wells Fargo & Company MN raised its stake in One Liberty Properties by 19.3% during the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust’s stock valued at $1,660,000 after purchasing an additional 13,259 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in One Liberty Properties by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,452 shares of the real estate investment trust’s stock valued at $1,757,000 after purchasing an additional 15,184 shares during the period. 36.24% of the stock is owned by hedge funds and other institutional investors.

About One Liberty Properties

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.