One Liberty Properties (NYSE:OLP) Stock Rating Lowered by StockNews.com

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

Separately, B. Riley upped their price target on One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a report on Monday, April 15th.

One Liberty Properties Stock Performance

OLP stock opened at $22.17 on Thursday. The stock’s 50 day simple moving average is $21.65 and its 200 day simple moving average is $20.82. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.36. One Liberty Properties has a 12-month low of $17.55 and a 12-month high of $23.43. The stock has a market capitalization of $471.07 million, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.32.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors have recently made changes to their positions in OLP. Vanguard Group Inc. grew its position in One Liberty Properties by 0.4% during the third quarter. Vanguard Group Inc. now owns 1,770,297 shares of the real estate investment trust’s stock valued at $33,406,000 after buying an additional 7,431 shares during the period. BlackRock Inc. boosted its stake in shares of One Liberty Properties by 5.1% during the 2nd quarter. BlackRock Inc. now owns 1,331,365 shares of the real estate investment trust’s stock worth $27,053,000 after acquiring an additional 64,371 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of One Liberty Properties by 1.9% in the 2nd quarter. Alliancebernstein L.P. now owns 533,634 shares of the real estate investment trust’s stock worth $10,843,000 after purchasing an additional 10,150 shares in the last quarter. State Street Corp grew its holdings in One Liberty Properties by 5.6% during the first quarter. State Street Corp now owns 531,300 shares of the real estate investment trust’s stock valued at $12,406,000 after purchasing an additional 28,379 shares during the period. Finally, Geode Capital Management LLC increased its position in One Liberty Properties by 4.6% in the second quarter. Geode Capital Management LLC now owns 379,581 shares of the real estate investment trust’s stock worth $7,713,000 after buying an additional 16,580 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

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.