StockNews.com Downgrades One Liberty Properties (NYSE:OLP) to Hold

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

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

One Liberty Properties Stock Up 1.6 %

Shares of NYSE:OLP traded up $0.45 during trading on Friday, reaching $28.89. 41,404 shares of the stock were exchanged, compared to its average volume of 52,212. One Liberty Properties has a 1-year low of $18.40 and a 1-year high of $29.11. The stock has a fifty day moving average of $27.30 and a two-hundred day moving average of $25.32. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $616.51 million, a price-to-earnings ratio of 17.83, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.18). The business had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. One Liberty Properties had a return on equity of 11.34% and a net margin of 38.96%. Research analysts anticipate that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Insider Transactions at One Liberty Properties

In related news, EVP Justin Clair sold 3,125 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 25.40% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC bought a new position in shares of One Liberty Properties in the third quarter valued at approximately $83,000. SG Americas Securities LLC purchased a new stake in shares of One Liberty Properties during the 3rd quarter valued at $160,000. BNP Paribas Financial Markets raised its stake 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 worth $175,000 after purchasing an additional 3,157 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of One Liberty Properties in the 1st quarter worth about $219,000. Finally, Price T Rowe Associates Inc. MD grew 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 buying an additional 580 shares during the period. Hedge funds and other 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.