One Liberty Properties (NYSE:OLP) Rating Lowered to Hold at StockNews.com

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

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

One Liberty Properties Price Performance

Shares of OLP stock opened at $28.91 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.98 and a current ratio of 2.48. One Liberty Properties has a 52-week low of $18.40 and a 52-week high of $29.11. The firm’s 50 day moving average price is $27.34 and its two-hundred day moving average price is $25.38. The stock has a market cap of $618.38 million, a PE ratio of 17.85, a PEG ratio of 3.44 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million. As a group, analysts forecast 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 dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total transaction of $83,218.75. Following the completion of the transaction, the executive vice president now directly owns 39,249 shares in the company, valued at approximately $1,045,200.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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 business. Vanguard Group Inc. grew its holdings in shares of One Liberty Properties by 0.6% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in One Liberty Properties by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 243,319 shares of the real estate investment trust’s stock worth $5,713,000 after buying an additional 3,134 shares during the last quarter. Bank of New York Mellon Corp raised its position in One Liberty Properties by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust’s stock worth $2,374,000 after acquiring an additional 6,868 shares in the last quarter. Rhumbline Advisers lifted its stake in One Liberty Properties by 2.5% in the second quarter. Rhumbline Advisers now owns 30,704 shares of the real estate investment trust’s stock valued at $721,000 after acquiring an additional 751 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of One Liberty Properties by 7.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 22,810 shares of the real estate investment trust’s stock valued at $628,000 after acquiring an additional 1,561 shares during the period. 36.24% of the stock is owned by institutional investors.

One Liberty Properties Company Profile

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.