The shares were sold at a weighted average price of $30.1549, amounting to a total transaction value of $186,206. Following this sale, Clair retains ownership of 33,074 shares in the company. The transaction was executed through multiple trades at prices ranging from $30.03 to $30.20, with the stock currently trading near its 52-week high of $30.45. InvestingPro analysis suggests the stock is slightly overvalued at current levels, with 7 additional exclusive insights available to subscribers. The shares were sold at a weighted average price of $30.1549, amounting to a total transaction value of $186,206. Following this sale, Clair retains ownership of 33,074 shares in the company. The transaction was executed through multiple trades at prices ranging from $30.03 to $30.20, with the stock currently trading near its 52-week high of $30.45. InvestingPro analysis suggests the stock is slightly overvalued at current levels, with 7 additional exclusive insights available to subscribers.
In other recent news, One Liberty Properties (NYSE:OLP) has made noteworthy strides in its business operations. The real estate investment trust recently announced a $49 million deal to acquire two industrial properties in Theodore, Alabama, with the transaction expected to be finalized in early 2025. The properties, spanning a total of 371,586 square feet, are expected to generate an aggregate annual base rent of around $3.1 million.
One Liberty Properties also recently declared a quarterly dividend of $0.45 per share, marking its 127th consecutive quarterly dividend. This move further underscores the company's commitment to its investors.
In addition to these developments, the company has been actively managing its real estate portfolio, with a particular emphasis on industrial assets. It has reported $23.0 million in property dispositions during a recent quarter, along with the acquisition of two industrial properties for a total of $11.7 million.
In terms of analyst ratings, B.Riley has maintained a Buy rating on the company's stock and increased the share target to $26.00. This change was attributed to the company's active capital recycling strategy. These are the latest developments for One Liberty Properties.
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