StockNews.com Upgrades One Liberty Properties (NYSE:OLP) to “Buy”

One Liberty Properties (NYSE:OLP) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Separately, B. Riley lifted their target price on shares of 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

OLP stock traded down $0.37 on Wednesday, reaching $28.48. The company’s stock had a trading volume of 29,395 shares, compared to its average volume of 52,071. The firm has a fifty day moving average of $27.63 and a two-hundred day moving average of $25.70. One Liberty Properties has a 52 week low of $19.25 and a 52 week high of $29.79. The company has a market capitalization of $609.19 million, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 3.38 and a beta of 1.36. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The company had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. As a group, analysts predict that One Liberty Properties will post 1.68 EPS for the current fiscal year.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction 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 trade was a 7.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 25.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

Several hedge funds have recently bought and sold shares of OLP. Creative Planning lifted its holdings in One Liberty Properties by 4.3% in the third quarter. Creative Planning now owns 9,894 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 411 shares during the period. Price T Rowe Associates Inc. MD grew its position in One Liberty Properties by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 580 shares in the last quarter. Rhumbline Advisers boosted its position in shares of One Liberty Properties by 2.5% during the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 751 shares during the period. Asset Management One Co. Ltd. grew its stake in One Liberty Properties by 7.3% in the third quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock worth $628,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in One Liberty Properties by 13.6% during the third quarter. Martingale Asset Management L P now owns 23,116 shares of the real estate investment trust’s stock worth $637,000 after buying an additional 2,770 shares during the period. Hedge funds and other institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

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.