One Liberty Properties (NYSE:OLP) Upgraded at StockNews.com

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

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

One Liberty Properties Stock Performance

NYSE:OLP opened at $27.01 on Wednesday. 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 twelve month low of $17.55 and a twelve month high of $28.80. The company has a fifty day moving average of $26.39 and a 200-day moving average of $24.30. The firm has a market capitalization of $576.39 million, a P/E ratio of 19.86, a P/E/G ratio of 3.23 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The business had revenue of $21.80 million during the quarter, compared to analyst estimates of $22.37 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. As a group, sell-side analysts anticipate that One Liberty Properties will post 1.68 EPS for the current year.

Insider Activity at One Liberty Properties

In other One Liberty Properties news, SVP Jeffrey Gould sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the completion of the sale, the senior vice president now directly owns 387,813 shares of the company’s stock, valued at approximately $8,927,455.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other One Liberty Properties news, SVP Jeffrey Gould sold 9,000 shares of One Liberty Properties stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total transaction of $207,180.00. Following the transaction, the senior vice president now directly owns 387,813 shares of the company’s stock, valued at approximately $8,927,455.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lawrence Ricketts sold 4,756 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $24.14, for a total transaction of $114,809.84. Following the completion of the sale, the chief operating officer now 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 quarter, insiders have sold 25,914 shares of company stock valued at $617,032. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

Several hedge funds have recently modified their holdings of the company. Fortis Group Advisors LLC increased its position in shares of One Liberty Properties by 100.0% during 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 acquiring an additional 634 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of One Liberty Properties during the 1st quarter valued at $68,000. BNP Paribas Financial Markets increased its position in shares of One Liberty Properties by 68.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 3,157 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of One Liberty Properties during the 1st quarter worth $219,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of One Liberty Properties by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 580 shares during the last quarter. Institutional investors own 36.24% of the company’s stock.

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.