One Liberty Properties, Inc. (NYSE:OLP) VP Justin Clair sold 6,840 shares of the company’s stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $23.66, for a total value of $161,834.40. Following the completion of the sale, the vice president now directly owns 38,575 shares of the company’s stock, valued at $912,684.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE OLP traded up $0.26 during midday trading on Friday, hitting $24.05. 62,293 shares of the company’s stock traded hands, compared to its average volume of 84,404. The firm has a fifty day moving average of $22.86 and a 200 day moving average of $19.86. The stock has a market capitalization of $498.60 million, a price-to-earnings ratio of 17.30 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.51 and a current ratio of 1.51. One Liberty Properties, Inc. has a 1 year low of $12.89 and a 1 year high of $24.42.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 7th. Shareholders of record on Wednesday, March 24th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, March 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 7.48%. One Liberty Properties’s dividend payout ratio is currently 90.91%.
A number of analysts have recently issued reports on the company. B. Riley lifted their target price on One Liberty Properties from $18.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 16th. DA Davidson raised their price objective on shares of One Liberty Properties from $16.50 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, March 16th. Finally, Zacks Investment Research upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, March 23rd.
One Liberty Properties Company Profile
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
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