Zacks Investment Research upgraded shares of One Liberty Properties (NYSE:OLP) from a hold rating to a strong-buy rating in a research note published on Tuesday morning. They currently have $31.00 target price on the real estate investment trust’s stock.
According to Zacks, “ONE LIBERTY PROPERTIES, INC. is a real estate investment trust which invests primarily in improved, commercial real estate under long-term net lease. “
OLP has been the topic of a number of other research reports. B. Riley restated a neutral rating on shares of One Liberty Properties in a research report on Wednesday, November 1st. TheStreet upgraded shares of One Liberty Properties from a c+ rating to a b- rating in a research report on Thursday, October 5th. ValuEngine upgraded shares of One Liberty Properties from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, DA Davidson assumed coverage on shares of One Liberty Properties in a research report on Monday, September 25th. They set a neutral rating and a $25.00 price target on the stock. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $26.40.
One Liberty Properties (NYSE:OLP) traded down $0.28 during mid-day trading on Tuesday, hitting $26.72. 63,000 shares of the company’s stock were exchanged, compared to its average volume of 46,134. One Liberty Properties has a 12-month low of $21.96 and a 12-month high of $27.36. The stock has a market capitalization of $508.62, a PE ratio of 13.27, a price-to-earnings-growth ratio of 2.14 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.77 and a quick ratio of 1.77.
In other One Liberty Properties news, VP Justin Clair sold 2,839 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lawrence Ricketts sold 7,000 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the sale, the insider now owns 113,302 shares in the company, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in One Liberty Properties by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 207,106 shares of the real estate investment trust’s stock worth $5,045,000 after purchasing an additional 3,678 shares during the period. Wells Fargo & Company MN lifted its stake in shares of One Liberty Properties by 42.7% in the third quarter. Wells Fargo & Company MN now owns 91,918 shares of the real estate investment trust’s stock worth $2,240,000 after buying an additional 27,527 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of One Liberty Properties in the third quarter worth approximately $338,000. SG Americas Securities LLC bought a new position in shares of One Liberty Properties in the third quarter worth approximately $730,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of One Liberty Properties by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 149,897 shares of the real estate investment trust’s stock worth $3,651,000 after buying an additional 2,611 shares in the last quarter. Institutional investors and hedge funds own 41.22% of the company’s stock.
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About One Liberty Properties
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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