One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) COO Lawrence Ricketts sold 2,999 shares of the firm's stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $21.86, for a total transaction of $65,558.14. Following the completion of the transaction, the chief operating officer directly owned 177,522 shares of the company's stock, valued at $3,880,630.92. This represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 transaction of $11,165.00.
- On Tuesday, March 24th, Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock. The shares were sold at an average price of $23.58, for a total transaction of $47,160.00.
- 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 transaction 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 transaction 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 transaction of $34,546.47.
One Liberty Properties Trading Up 0.1%
Shares of NYSE:OLP opened at $22.07 on Tuesday. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $25.90. The company's 50 day moving average is $22.59 and its two-hundred day moving average is $21.48. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.73. The company has a market cap of $481.30 million, a PE ratio of 18.86 and a beta of 0.96.
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 given a $0.45 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.2%. One Liberty Properties's dividend payout ratio is currently 153.85%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on OLP shares. B. Riley Financial reissued 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 reissued a "sell (e)" rating on shares of One Liberty Properties in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of One Liberty Properties from a "sell" rating to a "hold" rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $27.50.
Get Our Latest Stock Analysis on OLP
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of OLP. Jane Street Group LLC grew its position in shares of One Liberty Properties by 172.5% in the 1st quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust's stock valued at $1,300,000 after buying an additional 31,313 shares during the last quarter. Strs Ohio purchased a new position in shares of One Liberty Properties in the 1st quarter valued at $76,000. Legal & General Group Plc grew its position in shares of One Liberty Properties by 13.9% in the 2nd quarter. Legal & General Group Plc now owns 21,098 shares of the real estate investment trust's stock valued at $503,000 after buying an additional 2,571 shares during the last quarter. Franklin Resources Inc. grew its position in shares of One Liberty Properties by 17.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,005 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 1,755 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of One Liberty Properties by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 33,710 shares of the real estate investment trust's stock valued at $804,000 after buying an additional 5,001 shares during the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.
About One Liberty Properties
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
