Insider Selling: One Liberty Properties, Inc. (NYSE:OLP) COO Sells 1,200 Shares of Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Justin Clair sold 1,200 shares of One Liberty Properties stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $24.00, for a total transaction of $28,800.00. Following the completion of the sale, the chief operating officer now owns 43,049 shares in the company, valued at $1,033,176. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

One Liberty Properties Stock Performance

One Liberty Properties stock opened at $23.11 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 1.36. One Liberty Properties, Inc. has a twelve month low of $17.55 and a twelve month high of $24.30. The company’s 50-day moving average price is $22.86 and its 200-day moving average price is $21.68. The company has a market cap of $486.93 million, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.72 and a beta of 1.31.

One Liberty Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Wednesday, March 27th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.79%. The ex-dividend date was Tuesday, March 26th. One Liberty Properties’s payout ratio is 132.35%.

Analyst Ratings Changes

A number of equities analysts recently commented on OLP shares. StockNews.com raised One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. B. Riley increased their target price on One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, April 15th.

Hedge Funds Weigh In On One Liberty Properties

Several large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its stake in One Liberty Properties by 41.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock worth $2,286,000 after buying an additional 30,470 shares during the period. Penserra Capital Management LLC boosted its stake in shares of One Liberty Properties by 14.4% during the 3rd quarter. Penserra Capital Management LLC now owns 23,574 shares of the real estate investment trust’s stock worth $434,000 after purchasing an additional 2,968 shares during the period. Panagora Asset Management Inc. grew its holdings in One Liberty Properties by 54.7% during the 3rd quarter. Panagora Asset Management Inc. now owns 21,667 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 7,658 shares during the last quarter. SG Americas Securities LLC raised its position in One Liberty Properties by 26.6% in the 4th quarter. SG Americas Securities LLC now owns 9,181 shares of the real estate investment trust’s stock worth $201,000 after purchasing an additional 1,930 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of One Liberty Properties by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock valued at $33,406,000 after buying an additional 7,431 shares during the period. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.