Justin Clair Sells 4,500 Shares of One Liberty Properties (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 4,500 shares of One Liberty Properties stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $24.06, for a total transaction of $108,270.00. Following the completion of the transaction, the executive vice president directly owned 34,153 shares in the company, valued at approximately $821,721.18. This trade represents a 11.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

One Liberty Properties Price Performance

Shares of NYSE:OLP opened at $24.42 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $534.80 million, a PE ratio of 15.36 and a beta of 0.87. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $25.88. The firm has a 50 day simple moving average of $24.55 and a 200 day simple moving average of $23.54.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. The firm had revenue of $27.00 million during the quarter, compared to analyst estimates of $26.78 million. As a group, research analysts expect that One Liberty Properties, Inc. will post 1.74 earnings per share for the current year.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties’s dividend payout ratio (DPR) is 113.21%.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently modified their holdings of OLP. Jane Street Group LLC increased its stake in shares of One Liberty Properties by 172.5% in the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust’s stock worth $1,300,000 after acquiring an additional 31,313 shares during the last quarter. Strs Ohio acquired a new stake in One Liberty Properties during the first quarter valued at $76,000. Legal & General Group Plc grew its stake in One Liberty Properties by 13.9% in the second quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust’s stock valued at $503,000 after purchasing an additional 2,571 shares in the last quarter. Rhumbline Advisers grew its stake in One Liberty Properties by 17.4% in the second quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 5,001 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in One Liberty Properties by 6.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 585 shares during the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. B. Riley Financial lifted their price target on One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings raised One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. Finally, Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, One Liberty Properties currently has an average rating of “Moderate Buy” and an average price target of $28.50.

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.