Justin Clair Sells 5,137 Shares of One Liberty Properties, Inc. (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLPGet Rating) VP Justin Clair sold 5,137 shares of the firm’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $23.50, for a total transaction of $120,719.50. Following the completion of the sale, the vice president now owns 43,749 shares of the company’s stock, valued at approximately $1,028,101.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Justin Clair also recently made the following trade(s):

  • On Wednesday, January 18th, Justin Clair sold 500 shares of One Liberty Properties stock. The shares were sold at an average price of $23.75, for a total transaction of $11,875.00.

One Liberty Properties Price Performance

NYSE:OLP traded up $0.07 during mid-day trading on Monday, hitting $23.46. 36,882 shares of the company’s stock traded hands, compared to its average volume of 45,349. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s 50 day simple moving average is $23.28 and its 200 day simple moving average is $23.97. One Liberty Properties, Inc. has a 1 year low of $20.45 and a 1 year high of $32.99. The company has a market cap of $494.40 million, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.27.

One Liberty Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Tuesday, December 20th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, December 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.67%. One Liberty Properties’s dividend payout ratio (DPR) is presently 96.26%.

Wall Street Analyst Weigh In

OLP has been the subject of several recent research reports. B. Riley dropped their target price on shares of One Liberty Properties from $27.00 to $25.00 in a report on Monday, November 7th. EF Hutton Acquisition Co. I dropped their target price on shares of One Liberty Properties from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 7th. Finally, StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 10th.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of One Liberty Properties by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,766,039 shares of the real estate investment trust’s stock worth $37,122,000 after buying an additional 25,705 shares in the last quarter. BlackRock Inc. grew its holdings in shares of One Liberty Properties by 0.5% during the third quarter. BlackRock Inc. now owns 1,285,019 shares of the real estate investment trust’s stock worth $27,014,000 after buying an additional 6,176 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of One Liberty Properties by 1.0% during the second quarter. Renaissance Technologies LLC now owns 819,274 shares of the real estate investment trust’s stock worth $21,285,000 after buying an additional 8,267 shares in the last quarter. State Street Corp grew its holdings in shares of One Liberty Properties by 1.1% during the second quarter. State Street Corp now owns 505,450 shares of the real estate investment trust’s stock worth $13,355,000 after buying an additional 5,541 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of One Liberty Properties by 133.9% during the third quarter. Pacer Advisors Inc. now owns 343,851 shares of the real estate investment trust’s stock worth $7,228,000 after buying an additional 196,835 shares in the last quarter. 38.91% of the stock is currently owned by hedge funds and other institutional investors.

About One Liberty Properties

(Get Rating)

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.

Further Reading

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