One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) COO Lawrence Ricketts sold 5,500 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $28.43, for a total transaction of $156,365.00. Following the completion of the sale, the chief operating officer now owns 187,560 shares of the company's stock, valued at approximately $5,332,330.80. The trade was a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
One Liberty Properties Price Performance
Shares of NYSE OLP traded up $0.33 during trading on Thursday, reaching $26.06. The company had a trading volume of 39,338 shares, compared to its average volume of 59,414. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties, Inc. has a twelve month low of $19.25 and a twelve month high of $30.45. The stock has a 50-day moving average price of $28.03 and a two-hundred day moving average price of $26.90. The stock has a market capitalization of $557.38 million, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.94 and a beta of 1.40.
One Liberty Properties (NYSE:OLP - Get Free Report) last released its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.18). The firm had revenue of $22.21 million during the quarter, compared to analysts' expectations of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. As a group, sell-side analysts predict that One Liberty Properties, Inc. will post 1.68 earnings per share for the current year.
One Liberty Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date was Monday, December 23rd. One Liberty Properties's dividend payout ratio is presently 111.11%.
Institutional Investors Weigh In On One Liberty Properties
A number of hedge funds and other institutional investors have recently made changes to their positions in OLP. Creative Planning grew its holdings in One Liberty Properties by 4.3% in the 3rd quarter. Creative Planning now owns 9,894 shares of the real estate investment trust's stock valued at $272,000 after buying an additional 411 shares during the period. Franklin Resources Inc. grew its holdings in One Liberty Properties by 4.6% in the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 440 shares during the period. Rhumbline Advisers increased its position in One Liberty Properties by 2.5% during the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust's stock worth $721,000 after purchasing an additional 751 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in One Liberty Properties by 7.3% during the third quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust's stock worth $628,000 after purchasing an additional 1,561 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of One Liberty Properties by 13.6% in the 3rd quarter. Martingale Asset Management L P now owns 23,116 shares of the real estate investment trust's stock valued at $637,000 after purchasing an additional 2,770 shares during the last quarter. Hedge funds and other institutional investors own 36.24% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded One Liberty Properties from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Stock Report on OLP
About One Liberty Properties
(
Get Free Report)
One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.
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