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

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

Separately, B. Riley boosted 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 Price Performance

One Liberty Properties stock opened at $28.91 on Friday. The company has a current ratio of 2.48, a quick ratio of 2.98 and a debt-to-equity ratio of 1.40. The stock’s 50 day moving average is $27.34 and its 200-day moving average is $25.38. One Liberty Properties has a 12 month low of $18.40 and a 12 month high of $29.11. The company has a market capitalization of $618.38 million, a price-to-earnings ratio of 17.85, a PEG ratio of 3.44 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last announced its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The business had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million. Equities research analysts expect that One Liberty Properties will post 1.68 EPS for the current year.

Insider Activity

In related news, EVP Justin Clair sold 3,125 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $26.63, for a total transaction of $83,218.75. Following the sale, the executive vice president now owns 39,249 shares in the company, valued at approximately $1,045,200.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently modified their holdings of OLP. Vanguard Group Inc. grew its position in 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 valued at $39,912,000 after acquiring an additional 10,490 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of One Liberty Properties in the 1st quarter valued at approximately $219,000. Bank of New York Mellon Corp grew its holdings in shares of One Liberty Properties by 7.3% during 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 purchasing an additional 6,868 shares during the last quarter. SG Americas Securities LLC acquired a new position in One Liberty Properties during the 3rd quarter worth approximately $160,000. Finally, BNP Paribas Financial Markets lifted its stake in One Liberty Properties by 68.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 3,157 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors.

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.