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

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

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

One Liberty Properties Price Performance

Shares of One Liberty Properties stock traded down $0.37 on Wednesday, hitting $28.48. 29,395 shares of the company were exchanged, compared to its average volume of 52,071. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties has a 1-year low of $19.25 and a 1-year high of $29.79. The company has a 50-day moving average price of $27.63 and a 200 day moving average price of $25.70. The stock has a market capitalization of $609.19 million, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 3.38 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last released 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). The company had revenue of $22.21 million for the quarter, compared to analyst estimates of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. As a group, sell-side analysts predict that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Insider Activity

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction on 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 of the company’s stock, valued at approximately $1,045,200.87. This trade represents a 7.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 25.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On One Liberty Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in One Liberty Properties by 310.8% in the 3rd quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust’s stock valued at $678,000 after purchasing an additional 18,616 shares during the last quarter. Geode Capital Management LLC increased its position in One Liberty Properties by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust’s stock valued at $12,628,000 after acquiring an additional 17,651 shares during the period. State Street Corp lifted its position in shares of One Liberty Properties by 3.3% in the 3rd quarter. State Street Corp now owns 488,250 shares of the real estate investment trust’s stock worth $13,660,000 after purchasing an additional 15,770 shares during the period. HighTower Advisors LLC acquired a new stake in shares of One Liberty Properties during the 3rd quarter worth approximately $201,000. Finally, Martingale Asset Management L P raised its position in shares of One Liberty Properties by 13.6% during the third quarter. Martingale Asset Management L P now owns 23,116 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 2,770 shares during the period. Institutional investors own 36.24% of the company’s stock.

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.