ValuEngine Downgrades One Liberty Properties (NYSE:OLP) to Hold

One Liberty Properties (NYSE:OLP) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

Several other research firms have also issued reports on OLP. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. B. Riley increased their price target on One Liberty Properties from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, TheStreet upgraded TELUS from a “c+” rating to a “b-” rating in a report on Thursday, April 4th.

NYSE:OLP opened at $27.86 on Friday. The company has a market cap of $553.54 million, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. One Liberty Properties has a 1 year low of $23.02 and a 1 year high of $31.78. The company has a 50 day moving average of $29.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.66 and a quick ratio of 1.66.



In other news, COO Lawrence Ricketts sold 2,589 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $29.45, for a total value of $76,246.05. Following the sale, the chief operating officer now directly owns 124,835 shares in the company, valued at $3,676,390.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 21.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in One Liberty Properties by 306.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 1,465 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,105 shares during the period. Advisory Services Network LLC purchased a new position in One Liberty Properties during the 4th quarter worth $51,000. Legal & General Group Plc increased its holdings in One Liberty Properties by 22.1% during the 4th quarter. Legal & General Group Plc now owns 2,788 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 505 shares during the period. BNP Paribas Arbitrage SA increased its holdings in One Liberty Properties by 445.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,077 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 2,513 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in One Liberty Properties by 15.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,639 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 499 shares during the period. Hedge funds and other institutional investors own 40.56% 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, retail, restaurant, health and fitness, and theater 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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