Lawrence Ricketts, who serves as Executive Vice President and Chief Operating Officer of One Liberty Properties INC (NASDAQ: OLP), disposed of company shares totaling $93,031 across two trading days in mid-March 2026.
Filing details with the Securities and Exchange Commission show the sales were executed on March 16 and March 17, 2026. On March 16, Ricketts sold 1,491 shares of Common Stock in multiple transactions at prices that ranged from $23.15 to $23.25, producing a weighted average sale price of $23.1748 per share. The following day, March 17, he sold an additional 2,501 shares in multiple trades at prices from $23.25 to $23.50, with a weighted average of $23.3819 per share.
After these transactions, Ricketts directly holds 188,020.863 shares of One Liberty Properties. The reported insider sales occurred while OLP was trading at $22.68, a level representing a 13.7% gain year-to-date and reflecting a 7.8% dividend yield.
Valuation and dividend context
According to InvestingPro analysis cited in company reporting, OLP appears slightly overvalued when measured against its Fair Value estimate, placing it among the stocks flagged as Most Overvalued by that analysis. The company’s long-running dividend track record is also highlighted: One Liberty Properties has paid dividends for 36 consecutive years.
Separately, the company declared a quarterly dividend of $0.45 per share, which represents its 133rd consecutive quarterly dividend. That dividend is scheduled to be paid on April 6, 2026, to shareholders of record as of March 27, 2026.
Recent acquisitions and expected cash flow impact
One Liberty Properties has been active on the acquisition front, announcing several industrial property purchases. The company announced the acquisition of a portfolio of ten industrial properties totaling 637,633 square feet for $56.7 million. Those properties are fully leased to tenants that include Mondelez Global and Bimbo Bakeries USA. Management expects lease renewals to lift base rent from $3.0 million to $4.1 million for the 12-month period ending January 31, 2027.
In another transaction, the company completed the purchase of a 397,440-square-foot industrial facility in Sewickley, Pennsylvania, for $53.5 million. That asset is 93% leased to 16 tenants, among them Amazon and Linde Gas, and is projected to generate $3.4 million in annual base rent.
Financing for one of the ten-property acquisitions included a $17 million mortgage combined with approximately $30 million drawn from the company’s credit facility. These transactions are presented by the company as part of an ongoing strategy to grow its industrial property holdings.
Bottom line
The insider sale by Ricketts reduced his holdings modestly while One Liberty Properties continues to pursue industrial acquisitions and maintain its long-running dividend program. The combination of recent purchases, financing activity, and an above-average dividend yield is notable within the REIT and industrial real estate sectors, while InvestingPro’s valuation signal indicates the stock may trade at a premium to its Fair Value estimate.