Insider Selling: One Liberty Properties (NYSE:OLP) EVP Sells $108,270.00 in Stock

Key Points

• One Liberty Properties EVP Justin Clair sold 4,500 shares at an average price of $24.06, generating $108,270 and reducing his ownership by 11.64% to 34,153 shares.
• OLP shares rose 1.3% to $24.42, while the company’s latest quarterly results exceeded expectations with EPS of $0.71 versus a $0.67 estimate and revenue of $27.0 million.
• The REIT pays a quarterly dividend of $0.45, or $1.80 annually, representing a 7.4% yield; analysts have a “Moderate Buy” consensus and an average price target of $28.50.

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) EVP Justin Clair sold 4,500 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $24.06, for a total value of $108,270.00. Following the completion of the sale, the executive vice president owned 34,153 shares in the company, valued at $821,721.18. The trade was a 11.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

One Liberty Properties Trading Up 1.3%

Shares of NYSE:OLP traded up $0.32 during trading on Wednesday, reaching $24.42. The stock had a trading volume of 58,152 shares, compared to its average volume of 75,757. One Liberty Properties, Inc. has a 52 week low of $19.62 and a 52 week high of $25.88. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. The firm's fifty day moving average is $24.56 and its 200 day moving average is $23.50. The stock has a market cap of $532.97 million, a price-to-earnings ratio of 15.36 and a beta of 0.87.

One Liberty Properties (NYSE:OLP - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $27.00 million for the quarter, compared to analyst estimates of $26.78 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. As a group, equities analysts forecast that One Liberty Properties, Inc. will post 1.74 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend was Thursday, June 25th. One Liberty Properties's payout ratio is presently 113.21%.

Institutional Trading of One Liberty Properties

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of One Liberty Properties in the second quarter worth approximately $44,883,000. Vanguard Group Inc. increased its stake in One Liberty Properties by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,744,154 shares of the real estate investment trust's stock worth $38,581,000 after buying an additional 8,772 shares in the last quarter. Geode Capital Management LLC increased its stake in One Liberty Properties by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 484,879 shares of the real estate investment trust's stock worth $9,840,000 after buying an additional 12,519 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of One Liberty Properties by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust's stock valued at $5,021,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Ancora Advisors LLC bought a new stake in shares of One Liberty Properties in the second quarter worth about $3,323,000. Hedge funds and other institutional investors own 36.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Weiss Ratings raised shares of One Liberty Properties from a "sell (d-)" rating to a "sell (d)" rating in a research report on Wednesday, July 1st. B. Riley Financial increased their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Finally, Zacks Research raised One Liberty Properties from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $28.50.

One Liberty Properties Company Profile

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.

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