Zacks Research Upgrades One Liberty Properties (NYSE:OLP) to “Strong-Buy”

One Liberty Properties (NYSE:OLP) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, July 1st. Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, B. Riley Financial lifted their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, One Liberty Properties currently has a consensus rating of “Moderate Buy” and an average price target of $28.50.

One Liberty Properties Trading Up 4.1%

Shares of NYSE:OLP opened at $25.45 on Wednesday. The company’s 50-day moving average price is $24.07 and its two-hundred day moving average price is $22.91. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95. One Liberty Properties has a one year low of $19.62 and a one year high of $25.60. The stock has a market capitalization of $555.43 million, a PE ratio of 20.04 and a beta of 0.88.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.22. The company had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. On average, equities analysts forecast that One Liberty Properties will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling at One Liberty Properties

In related news, EVP Justin Clair sold 2,676 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $23.36, for a total value of $62,511.36. Following the sale, the executive vice president owned 33,074 shares of the company’s stock, valued at $772,608.64. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Lawrence Ricketts sold 6,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the completion of the sale, the chief operating officer owned 165,522 shares of the company’s stock, valued at $4,055,289. The trade was a 3.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,676 shares of company stock valued at $348,794 in the last ninety days. Insiders own 25.80% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its stake in shares of One Liberty Properties by 62.7% in the third quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 490 shares during the period. New York State Teachers Retirement System bought a new position in shares of One Liberty Properties during the first quarter worth about $36,000. GAMMA Investing LLC lifted its stake in shares of One Liberty Properties by 241.7% in the fourth quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 1,380 shares during the period. Camelot Portfolios LLC acquired a new position in shares of One Liberty Properties in the fourth quarter worth approximately $51,000. Finally, Russell Investments Group Ltd. increased its position in One Liberty Properties by 607.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,668 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,291 shares during the period. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.