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

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 4,500 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $24.06, for a total value of $108,270.00. Following the transaction, the executive vice president directly owned 34,153 shares in the company, valued at approximately $821,721.18. This represents a 11.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

One Liberty Properties Stock Down 0.9%

Shares of OLP stock opened at $24.18 on Friday. The stock’s 50 day simple moving average is $24.54 and its 200 day simple moving average is $23.54. One Liberty Properties, Inc. has a twelve month low of $19.62 and a twelve month 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 company has a market capitalization of $529.54 million, a price-to-earnings ratio of 15.21 and a beta of 0.87.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%.The firm had revenue of $27.00 million during the quarter, compared to analysts’ expectations of $26.78 million. As a group, research analysts predict that One Liberty Properties, Inc. will post 1.74 EPS for the current year.

One Liberty Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. B. Riley Financial raised their target price on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Zacks Research upgraded shares of One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. One research 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $28.50.

Hedge Funds Weigh In On One Liberty Properties

Large investors have recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of One Liberty Properties by 6.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 585 shares during the period. Legal & General Group Plc increased its holdings in shares of One Liberty Properties by 4.7% during the 3rd quarter. Legal & General Group Plc now owns 22,094 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 996 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of One Liberty Properties by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after purchasing an additional 1,246 shares during the period. Finally, Allworth Financial LP acquired a new position in shares of One Liberty Properties during the second quarter valued at about $35,000. 36.24% of the stock is currently 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.