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 company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $22.64, for a total value of $113,200.00. Following the completion of the sale, the chief operating officer owned 183,021 shares in the company, valued at approximately $4,143,595.44. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 25th, Lawrence Ricketts sold 500 shares of One Liberty Properties stock. The shares were 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 stock was 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 Price Performance

Shares of OLP stock traded down $0.12 during mid-day trading on Wednesday, reaching $22.19. The stock had a trading volume of 75,926 shares, compared to its average volume of 79,152. One Liberty Properties, Inc. has a 12-month low of $19.62 and a 12-month high of $26.65. The company has a market cap of $483.96 million, a P/E ratio of 18.97 and a beta of 0.95. The business has a 50-day simple moving average of $22.49 and a 200 day simple moving average of $21.55. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73.

One Liberty Properties Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OLP. Jane Street Group LLC raised its holdings in shares of One Liberty Properties by 172.5% during 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 purchasing an additional 31,313 shares during the period. Strs Ohio acquired a new position in One Liberty Properties during the 1st quarter worth $76,000. Allworth Financial LP grew its position in One Liberty Properties by 1,440.5% in the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,138 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of One Liberty Properties by 87.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,972 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,781 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of One Liberty Properties by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 522,344 shares of the real estate investment trust’s stock worth $12,465,000 after buying an additional 52,252 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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