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

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

One Liberty Properties Price Performance

Shares of One Liberty Properties stock opened at $26.27 on Friday. The firm has a market capitalization of $567.09 million, a PE ratio of 16.22, a price-to-earnings-growth ratio of 3.02 and a beta of 1.38. The business’s 50-day moving average price is $26.02 and its 200-day moving average price is $27.18. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties has a 12 month low of $21.11 and a 12 month high of $30.45.

Institutional Investors Weigh In On One Liberty Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLP. Lazard Asset Management LLC increased its holdings in One Liberty Properties by 934.8% during the 4th quarter. Lazard Asset Management LLC now owns 5,443 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 4,917 shares during the period. Deutsche Bank AG increased its position in One Liberty Properties by 30.6% during the 4th quarter. Deutsche Bank AG now owns 10,776 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 2,526 shares during the period. Bank of America Corp DE lifted its position in shares of One Liberty Properties by 24.9% in the 4th quarter. Bank of America Corp DE now owns 23,793 shares of the real estate investment trust’s stock worth $648,000 after purchasing an additional 4,745 shares during the period. Jane Street Group LLC raised its stake in One Liberty Properties by 88.0% in the fourth quarter. Jane Street Group LLC now owns 18,155 shares of the real estate investment trust’s stock worth $495,000 after buying an additional 8,496 shares in the last quarter. Finally, Northern Trust Corp boosted its position in One Liberty Properties by 9.8% during the 4th quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust’s stock valued at $8,476,000 after acquiring an additional 27,746 shares in the last quarter. 36.24% of the stock is currently owned by institutional investors.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.