One Liberty Properties (NYSE:OLP) EVP Justin Clair Sells 2,676 Shares

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 stock was sold at an average price of $23.36, for a total value of $62,511.36. Following the completion of the sale, the executive vice president directly owned 33,074 shares of the company’s stock, valued at $772,608.64. The trade was a 7.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

One Liberty Properties Stock Down 0.5%

OLP traded down $0.12 during trading on Tuesday, reaching $23.47. The stock had a trading volume of 48,762 shares, compared to its average volume of 72,722. The stock’s 50 day moving average is $22.82 and its two-hundred day moving average is $21.71. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. The company has a market capitalization of $512.12 million, a price-to-earnings ratio of 18.48 and a beta of 0.90. One Liberty Properties, Inc. has a one year low of $19.62 and a one year high of $25.90.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.22. The business had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. As a group, analysts expect that One Liberty Properties, Inc. will post 1.71 earnings per share for the current year.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 27th were issued a $0.45 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 7.7%. One Liberty Properties’s dividend payout ratio is 141.73%.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE increased its holdings in shares of One Liberty Properties by 62.7% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 in the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of 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 in the last quarter. Legal & General Group Plc increased its holdings 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 acquiring an additional 996 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of One Liberty Properties by 12.3% during the third quarter. State of Alaska Department of Revenue now owns 9,955 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 1,089 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OLP has been the subject of a number of research reports. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. B. Riley Financial reiterated a “buy” rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to 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.