One Liberty Properties (NYSE:OLP) COO Sells $11,165.00 in Stock

Key Points

• COO Lawrence Ricketts sold a total of 11,492 shares across multiple trades from March 16–25, raising roughly $264,545 and leaving him with 180,521 shares (valued at about $4.03M).
• One Liberty declared a quarterly dividend of $0.45 (annualized $1.80) payable April 6 with an ex-dividend/record date of March 27, implying a ~8.1% yield but a high payout ratio of 153.85%.
• Shares traded around $22.19 (market cap ~$484M), with a 52-week range of $19.62–$26.65, and analysts are mixed—average rating "Hold" with an average price target of $27.50.

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) COO Lawrence Ricketts sold 500 shares of the business's stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $22.33, for a total transaction of $11,165.00. Following the completion of the transaction, the chief operating officer directly owned 180,521 shares in the company, valued at $4,031,033.93. This trade represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Lawrence Ricketts also recently made the following trade(s):

• 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 Monday, March 23rd, Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock. The shares were sold at an average price of $22.64, for a total value of $113,200.00.
• 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 shares were sold at an average price of $23.17, for a total transaction of $34,546.47.

One Liberty Properties Stock Performance

Shares of NYSE:OLP traded down $0.12 during trading on Wednesday, hitting $22.19. 75,926 shares of the company were exchanged, compared to its average volume of 79,152. The stock has a 50 day moving average of $22.49 and a 200 day moving average of $21.55. The company has a market cap of $483.96 million, a PE ratio of 18.97 and a beta of 0.95. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.97. One Liberty Properties, Inc. has a 52-week low of $19.62 and a 52-week high of $26.65.

One Liberty Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 27th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is 153.85%.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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 purchasing an additional 8,772 shares during the period. Geode Capital Management LLC lifted its holdings in 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 buying an additional 52,252 shares during the period. Wells Fargo & Company MN lifted its stake in shares of One Liberty Properties by 19.3% in the 4th quarter. Wells Fargo & Company MN now owns 81,834 shares of the real estate investment trust's stock valued at $1,660,000 after purchasing an additional 13,259 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of One Liberty Properties by 23.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,452 shares of the real estate investment trust's stock valued at $1,757,000 after buying an additional 15,184 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in One Liberty Properties by 16.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 77,908 shares of the real estate investment trust's stock worth $1,581,000 after purchasing an additional 10,927 shares during the period. Institutional investors own 36.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on OLP shares. Wall Street Zen cut shares of One Liberty Properties from a "hold" rating to a "sell" rating in a report on Saturday, March 14th. Weiss Ratings reiterated a "sell (e)" rating on shares of One Liberty Properties in a research report on Monday, December 29th. Finally, B. Riley Financial reissued a "buy" rating and set a $27.50 price objective (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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.50.

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.

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