One Liberty Properties (NYSE:OLP) COO Lawrence Ricketts Sells 5,000 Shares of Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 5,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $22.64, for a total transaction of $113,200.00. Following the sale, the chief operating officer directly owned 183,021 shares of the company’s stock, valued at approximately $4,143,595.44. This represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 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 value of $47,160.00.
• 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 stock was sold at an average price of $23.17, for a total value of $34,546.47.

One Liberty Properties Stock Performance

OLP opened at $22.19 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.73. The firm has a market cap of $484.03 million, a PE ratio of 18.97 and a beta of 0.95. The business has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $21.55. One Liberty Properties, Inc. has a fifty-two week low of $19.62 and a fifty-two week high of $26.65.

One Liberty Properties Announces Dividend

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 paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $1.80 dividend on an annualized basis and a yield of 8.1%. One Liberty Properties’s dividend payout ratio (DPR) is currently 153.85%.

Analyst Upgrades and Downgrades

A number of analysts have commented on OLP shares. 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 restated a “buy” rating and set a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a report on Wednesday, March 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, One Liberty Properties has an average rating of “Hold” and an average target price of $27.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its stake in 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 worth $1,300,000 after acquiring an additional 31,313 shares in the last quarter. Strs Ohio purchased a new position in One Liberty Properties during the 1st quarter valued at about $76,000. Allworth Financial LP increased its holdings in shares of One Liberty Properties by 1,440.5% in the 2nd 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 during the period. PNC Financial Services Group Inc. increased its holdings in shares of One Liberty Properties by 87.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,972 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,781 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of One Liberty Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 522,344 shares of the real estate investment trust’s stock worth $12,465,000 after purchasing an additional 52,252 shares in the last quarter. 36.24% of the stock is owned by institutional investors and hedge funds.

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.