One Liberty Properties (NYSE:OLP) Rating Lowered to “Hold” at Zacks Research

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

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of One Liberty Properties in a report on Monday, September 28th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $28.50.

One Liberty Properties Stock Up 0.1%

OLP stock opened at $22.19 on Monday. The stock has a market capitalization of $485.96 million, a price-to-earnings ratio of 13.96 and a beta of 0.88. The company has a 50-day moving average of $23.30 and a two-hundred day moving average of $23.58. One Liberty Properties has a 52-week low of $19.62 and a 52-week high of $25.88. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.62 and a quick ratio of 1.62.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%. The business had revenue of $27.00 million for the quarter, compared to analyst estimates of $26.78 million. As a group, equities research analysts anticipate that One Liberty Properties will post 1.74 EPS for the current year.

Insider Activity

In other news, EVP Justin Clair sold 4,500 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $24.06, for a total transaction of $108,270.00. Following the transaction, the executive vice president owned 34,153 shares in the company, valued at approximately $821,721.18. The trade was a 11.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 26.20% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Several hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in One Liberty Properties by 28.4% during the third quarter. GAMMA Investing LLC now owns 3,052 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 675 shares during the period. Sequoia Financial Advisors LLC bought a new stake in shares of One Liberty Properties in the 2nd quarter worth approximately $454,000. NewEdge Advisors LLC lifted its position in shares of One Liberty Properties by 996.0% in the 2nd quarter. NewEdge Advisors LLC now owns 21,218 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 19,282 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of One Liberty Properties during the 2nd quarter worth approximately $483,000. Finally, Bank of America Corp DE acquired a new stake in shares of One Liberty Properties during the 2nd quarter worth approximately $1,012,000. Institutional investors own 36.24% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net leases, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has historically included industrial, retail, office, restaurant and other commercial properties leased to businesses across a range of industries.