A Director at One Liberty Properties (NYSE: OLP) is Selling Shares

By Carrie Williams

Yesterday, a Director at One Liberty Properties (NYSE: OLP), Jesse Robert Lovejoy, sold shares of OLP for $48.7K.

Following Jesse Robert Lovejoy’s last OLP Sell transaction on January 05, 2015, the stock climbed by 5.5%. This is Lovejoy’s first Sell trade following 4 Buy transactions.

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Based on One Liberty Properties’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $19.1 million and quarterly net profit of $5.56 million. In comparison, last year the company earned revenue of $18.01 million and had a net profit of $2.6 million. OLP’s market cap is $453.6M and the company has a P/E ratio of 17.25. Currently, One Liberty Properties has an average volume of 34.01K.

The insider sentiment on One Liberty Properties has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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One Liberty Properties, Inc. is a real estate investment trust that acquires, owns and manages a geographically diversified portfolio of retail, industrial, office and other properties under long term leases. Its leases are net leases and ground leases, under which the tenant is responsible for real estate taxes, insurance and ordinary maintenance and repairs. The company was founded on December 20, 1982 and is headquartered in Great Neck, NY.