Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells $58,473.38 in Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 2,501 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $23.38, for a total value of $58,473.38. Following the transaction, the chief operating officer directly owned 188,021 shares in the company, valued at approximately $4,395,930.98. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 16th, Lawrence Ricketts sold 1,491 shares of One Liberty Properties stock. The stock was sold at an average price of $23.17, for a total value of $34,546.47.

One Liberty Properties Trading Down 1.4%

Shares of One Liberty Properties stock opened at $22.27 on Friday. The stock has a market capitalization of $485.60 million, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.64 and a beta of 0.95. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $26.86. The stock has a 50 day moving average price of $22.42 and a two-hundred day moving average price of $21.59. 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 Dividend Announcement

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

Institutional Investors Weigh In On One Liberty Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE grew its stake in shares of One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 490 shares in the last quarter. Allworth Financial LP lifted its position in shares of One Liberty Properties by 1,440.5% during the second quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,138 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 valued at $40,000 after purchasing an additional 1,380 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings 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 purchasing an additional 568 shares during the last quarter. Finally, Camelot Portfolios LLC purchased a new position in One Liberty Properties during the fourth quarter worth about $51,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.