Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells 5,000 Shares of Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 5,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $22.64, for a total value of $113,200.00. Following the sale, the chief operating officer owned 183,021 shares of the company’s stock, valued at $4,143,595.44. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $11,165.00.
• On Tuesday, March 24th, Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock. The stock was sold at an average price of $23.58, for a total value of $47,160.00.
• On Tuesday, March 17th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The shares were sold at an average price of $23.38, for a total value of $58,473.38.
• On Monday, March 16th, Lawrence Ricketts sold 1,491 shares of One Liberty Properties stock. The shares were sold at an average price of $23.17, for a total value of $34,546.47.

One Liberty Properties Trading Down 0.5%

Shares of NYSE:OLP traded down $0.12 during midday trading on Wednesday, reaching $22.19. The company had a trading volume of 75,926 shares, compared to its average volume of 79,152. The company has a fifty day simple moving average of $22.49 and a two-hundred day simple moving average of $21.55. The firm has a market cap of $483.96 million, a price-to-earnings ratio of 18.97 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 1-year low of $19.62 and a 1-year high of $26.65.

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 given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Friday, March 27th. One Liberty Properties’s payout ratio is presently 153.85%.

Analysts Set New Price Targets

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

Institutional Trading of One Liberty Properties

Several hedge funds have recently added to or reduced their stakes in OLP. US Bancorp DE boosted its position in shares of One Liberty Properties by 62.7% in 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 during the period. Ameritas Investment Partners Inc. grew its position in One Liberty Properties by 43.5% during the second quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 568 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 585 shares during the period. Resona Asset Management Co. Ltd. increased its stake in One Liberty Properties by 12.2% during the third quarter. Resona Asset Management Co. Ltd. now owns 6,986 shares of the real estate investment trust’s stock valued at $154,000 after acquiring an additional 758 shares during the period. Finally, Legal & General Group Plc increased its position in shares of One Liberty Properties by 4.7% during the third quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock valued at $489,000 after purchasing an additional 996 shares during the period. Institutional investors own 36.24% of the company’s stock.

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.