Insider Selling: One Liberty Properties, Inc. (NYSE:OLP) COO Sells 5,500 Shares of Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 5,500 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $28.43, for a total transaction of $156,365.00. Following the completion of the transaction, the chief operating officer now directly owns 187,560 shares in the company, valued at approximately $5,332,330.80. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

One Liberty Properties Stock Up 1.3 %

Shares of NYSE OLP traded up $0.33 during trading on Thursday, reaching $26.06. 39,338 shares of the stock were exchanged, compared to its average volume of 59,414. One Liberty Properties, Inc. has a twelve month low of $19.25 and a twelve month high of $30.45. The company has a market capitalization of $557.38 million, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.94 and a beta of 1.40. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The business’s 50-day moving average price is $28.03 and its 200 day moving average price is $26.90.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The business had revenue of $22.21 million for the quarter, compared to analysts’ expectations of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. As a group, equities analysts forecast that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Stockholders of record on Monday, December 23rd were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date was Monday, December 23rd. One Liberty Properties’s payout ratio is currently 111.11%.

Institutional Trading of One Liberty Properties

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in One Liberty Properties by 3.3% during the 3rd quarter. State Street Corp now owns 488,250 shares of the real estate investment trust’s stock worth $13,660,000 after acquiring an additional 15,770 shares in the last quarter. Geode Capital Management LLC increased its holdings in One Liberty Properties by 4.0% in the third quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust’s stock valued at $12,628,000 after buying an additional 17,651 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in One Liberty Properties by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock valued at $5,713,000 after buying an additional 3,134 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in One Liberty Properties by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 42,331 shares of the real estate investment trust’s stock worth $1,165,000 after buying an additional 7,905 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of One Liberty Properties by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock worth $721,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th.

About One Liberty Properties

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.