Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells $47,160.00 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $23.58, for a total transaction of $47,160.00. Following the completion of the transaction, the chief operating officer directly owned 181,021 shares in the company, valued at approximately $4,268,475.18. This represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 transaction of $11,165.00.
• On Monday, March 23rd, Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock. The shares were sold at an average price of $22.64, for a total value of $113,200.00.
• 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 3.0%

Shares of OLP opened at $21.50 on Friday. One Liberty Properties, Inc. has a 12 month low of $19.62 and a 12 month high of $26.63. The stock’s 50-day moving average is $22.52 and its two-hundred day moving average is $21.54. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $469.00 million, a PE ratio of 18.38 and a beta of 0.95.

One Liberty Properties Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.80 annualized dividend and a yield of 8.4%. One Liberty Properties’s payout ratio is 153.85%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OLP shares. B. Riley Financial reaffirmed a “buy” rating and issued a $27.50 price objective (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. Weiss Ratings restated a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One investment 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 presently has an average rating of “Hold” and an average target price of $27.50.

Hedge Funds Weigh In On One Liberty Properties

Several large investors have recently modified their holdings of OLP. Allworth Financial LP grew its stake in One Liberty Properties by 1,440.5% in the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,138 shares in the last quarter. US Bancorp DE lifted its holdings in One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 490 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of One Liberty Properties by 43.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 568 shares during the last quarter. GAMMA Investing LLC lifted its stake in One Liberty Properties by 241.7% during the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 1,380 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in One Liberty Properties in the fourth quarter worth $51,000. Institutional investors own 36.24% of the company’s stock.

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.