Lawrence Ricketts Sells 5,500 Shares of One Liberty Properties, Inc. (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) COO Lawrence Ricketts sold 5,500 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was 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 owns 187,560 shares of the company’s stock, valued at $5,332,330.80. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

One Liberty Properties Trading Up 1.3 %

Shares of NYSE OLP opened at $26.06 on Friday. One Liberty Properties, Inc. has a 1 year low of $19.25 and a 1 year high of $30.45. The firm has a 50-day moving average of $27.98 and a 200 day moving average of $26.90. The stock has a market cap of $557.38 million, a P/E ratio of 16.09, a price-to-earnings-growth ratio of 2.94 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data 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). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The company had revenue of $22.21 million for the quarter, compared to analysts’ expectations of $21.89 million. As a group, sell-side analysts expect that One Liberty Properties, Inc. will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Trading of One Liberty Properties

Several institutional investors have recently bought and sold shares of the company. Future Financial Wealth Managment LLC purchased a new position in One Liberty Properties in the third quarter worth about $83,000. SG Americas Securities LLC bought a new stake in shares of One Liberty Properties during the third quarter valued at approximately $160,000. BNP Paribas Financial Markets raised its holdings in One Liberty Properties by 80.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 2,801 shares during the last quarter. HighTower Advisors LLC bought a new position in One Liberty Properties in the 3rd quarter valued at approximately $201,000. Finally, Franklin Resources Inc. boosted its stake in One Liberty Properties by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 440 shares during the last quarter. 36.24% of the stock is owned by hedge funds and other institutional investors.

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.