Jeffrey Gould Sells 9,000 Shares of One Liberty Properties, Inc. (NYSE:OLP) Stock

One Liberty Properties, Inc. (NYSE:OLP) SVP Jeffrey Gould sold 9,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total transaction of $207,180.00. Following the sale, the senior vice president now owns 387,813 shares of the company’s stock, valued at $8,927,455.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

One Liberty Properties Stock Performance

Shares of NYSE OLP traded up $0.04 during mid-day trading on Friday, hitting $23.28. The company had a trading volume of 48,557 shares, compared to its average volume of 53,365. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.68 and a quick ratio of 2.68. The business’s 50-day simple moving average is $23.48 and its 200-day simple moving average is $22.26. One Liberty Properties, Inc. has a 12 month low of $17.55 and a 12 month high of $24.50. The firm has a market cap of $490.51 million, a P/E ratio of 17.13, a PEG ratio of 2.73 and a beta of 1.37.

One Liberty Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Tuesday, June 25th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Tuesday, June 25th. One Liberty Properties’s payout ratio is presently 132.35%.

Wall Street Analysts Forecast Growth

OLP has been the subject of a number of recent analyst reports. B. Riley upped their price target on shares of One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, April 15th. StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, May 9th.

Institutional Investors Weigh In On One Liberty Properties

Hedge funds have recently made changes to their positions in the stock. Fortis Group Advisors LLC lifted its stake in shares of One Liberty Properties by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 634 shares during the period. Future Financial Wealth Managment LLC bought a new position in One Liberty Properties during the first quarter worth about $68,000. Tower Research Capital LLC TRC lifted its stake in One Liberty Properties by 847.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,233 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 3,786 shares during the period. Quadrant Capital Group LLC lifted its stake in One Liberty Properties by 123.7% during the fourth quarter. Quadrant Capital Group LLC now owns 7,407 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 4,096 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in One Liberty Properties by 68.8% during the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 3,157 shares during the period. Institutional investors own 36.24% of the company’s stock.

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 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.