StockNews.com Lowers One Liberty Properties (NYSE:OLP) to Buy

One Liberty Properties (NYSE:OLP) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Separately, B. Riley upped their target price on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th.

One Liberty Properties Price Performance

OLP opened at $27.30 on Thursday. The business has a fifty day moving average of $26.49 and a 200 day moving average of $24.44. The stock has a market cap of $582.48 million, a P/E ratio of 20.07, a PEG ratio of 3.27 and a beta of 1.36. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.35. One Liberty Properties has a 52-week low of $17.55 and a 52-week high of $28.80.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $21.80 million during 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%. As a group, sell-side analysts anticipate that One Liberty Properties will post 1.68 EPS for the current year.

Insider Transactions at One Liberty Properties

In related news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the sale, the executive vice president now directly owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total transaction 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 SEC, which is accessible through this link. Also, COO Lawrence Ricketts sold 4,756 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $24.14, for a total transaction of $114,809.84. Following the completion of the transaction, the chief operating officer now directly owns 187,345 shares of the company’s stock, valued at approximately $4,522,508.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,914 shares of company stock valued at $409,852. 25.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds have recently made changes to their positions in OLP. Fortis Group Advisors LLC grew its stake in 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 purchasing an additional 634 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of One Liberty Properties in the 1st quarter valued at about $68,000. BNP Paribas Financial Markets grew its position in shares of One Liberty Properties by 68.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 3,157 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of One Liberty Properties during the 1st quarter worth approximately $219,000. Finally, Price T Rowe Associates Inc. MD lifted its position in 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 acquiring an additional 580 shares during the last quarter. 36.24% of the stock is currently owned by hedge funds and other 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.