Justin Clair Sells 6,840 Shares of One Liberty Properties, Inc. (NYSE:OLP) Stock

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 institutional investors and hedge funds have recently made changes to their positions in OLP. BlackRock Inc. lifted its stake in One Liberty Properties by 3.4% in the 4th quarter. BlackRock Inc. now owns 1,329,008 shares of the real estate investment trust’s stock valued at $26,673,000 after buying an additional 43,102 shares in the last quarter. Altfest L J & Co. Inc. grew its position in One Liberty Properties by 0.5% during the fourth quarter. Altfest L J & Co. Inc. now owns 345,526 shares of the real estate investment trust’s stock worth $6,935,000 after buying an additional 1,714 shares during the period. Pacer Advisors Inc. grew its position in One Liberty Properties by 82.1% during the fourth quarter. Pacer Advisors Inc. now owns 327,975 shares of the real estate investment trust’s stock worth $6,582,000 after buying an additional 147,830 shares during the period. Dimensional Fund Advisors LP grew its position in One Liberty Properties by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 239,075 shares of the real estate investment trust’s stock worth $4,798,000 after buying an additional 3,040 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of One Liberty Properties by 28.1% in the fourth quarter. Bank of New York Mellon Corp now owns 163,842 shares of the real estate investment trust’s stock valued at $3,288,000 after purchasing an additional 35,918 shares in the last quarter. 46.22% of the stock is currently owned by institutional investors.

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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