One Liberty Properties (NYSE:OLP) Stock Rating Upgraded by StockNews.com

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

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

One Liberty Properties Stock Down 0.5 %

NYSE OLP opened at $27.01 on Wednesday. The company has a market cap of $576.39 million, a price-to-earnings ratio of 19.86, a PEG ratio of 3.23 and a beta of 1.36. One Liberty Properties has a 1-year low of $17.55 and a 1-year high of $28.80. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $26.39 and a 200-day moving average of $24.30.

One Liberty Properties (NYSE:OLP) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. The firm had revenue of $21.80 million during the quarter, compared to the consensus estimate of $22.37 million. On average, equities research analysts expect that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other One Liberty Properties 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 transaction, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the sale, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey Gould sold 3,220 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $23.45, for a total value of $75,509.00. Following the sale, the senior vice president now directly owns 371,273 shares in the company, valued at approximately $8,706,351.85. The disclosure for this sale can be found here. Insiders sold a total of 25,914 shares of company stock worth $617,032 in the last ninety days. 25.40% of the stock is owned by insiders.

Institutional Investors Weigh In On One Liberty Properties

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of One Liberty Properties by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock worth $39,912,000 after purchasing an additional 10,490 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of One Liberty Properties in the 1st quarter valued at about $219,000. Bank of New York Mellon Corp grew its position in shares of One Liberty Properties by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock valued at $2,374,000 after buying an additional 6,868 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of One Liberty Properties by 68.8% in the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 3,157 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of One Liberty Properties by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock worth $5,713,000 after acquiring an additional 3,134 shares during the last quarter. 36.24% of the stock is owned by institutional investors.

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.