Justin Clair Sells 3,125 Shares of One Liberty Properties, Inc. (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) EVP Justin Clair sold 3,125 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the transaction, the executive vice president now directly owns 39,249 shares of the company’s stock, valued at $1,045,200.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 24th, Justin Clair sold 3,800 shares of One Liberty Properties stock. The shares were sold at an average price of $24.27, for a total value of $92,226.00.

One Liberty Properties Trading Down 0.4 %

Shares of One Liberty Properties stock opened at $26.75 on Friday. The company’s 50-day moving average price is $25.05 and its 200-day moving average price is $23.43. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.35. One Liberty Properties, Inc. has a 12-month low of $17.55 and a 12-month high of $27.05. The company has a market cap of $570.85 million, a price-to-earnings ratio of 19.67, a PEG ratio of 3.18 and a beta of 1.37.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $21.80 million for the quarter, compared to analyst estimates of $22.37 million. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. On average, equities analysts expect that One Liberty Properties, Inc. will post 1.68 earnings per share for the current fiscal year.

One Liberty Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $1.80 dividend on an annualized basis and a yield of 6.73%. One Liberty Properties’s dividend payout ratio is presently 132.35%.

Wall Street Analyst Weigh In

OLP has been the subject of several analyst reports. B. Riley raised their price objective on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors have recently modified their holdings of OLP. Dimensional Fund Advisors LP raised its stake in shares of One Liberty Properties by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock worth $5,713,000 after acquiring an additional 3,134 shares in the last quarter. Rhumbline Advisers raised its position in One Liberty Properties by 2.5% in the 2nd 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 period. Bank of New York Mellon Corp lifted its stake in One Liberty Properties by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after purchasing an additional 6,868 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of One Liberty Properties by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 580 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of One Liberty Properties by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock valued at $39,912,000 after buying an additional 10,490 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors.

About One Liberty Properties

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 and retail 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.