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

One Liberty Properties (NYSE:OLP) was downgraded by 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 raised their price target on shares of 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

Shares of NYSE:OLP traded up $0.45 during midday trading on Friday, hitting $28.89. The stock had a trading volume of 41,404 shares, compared to its average volume of 52,212. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $616.51 million, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 3.43 and a beta of 1.36. The company’s 50-day moving average price is $27.30 and its 200-day moving average price is $25.32. One Liberty Properties has a fifty-two week low of $18.40 and a fifty-two week high of $29.11.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share 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 11.34%. The business had revenue of $22.21 million during the quarter, compared to analyst estimates of $21.89 million. As a group, equities research analysts predict that One Liberty Properties will post 1.68 EPS for the current fiscal year.

Insider Activity

In other One Liberty Properties news, EVP Justin Clair sold 3,125 shares of the business’s 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 directly owns 39,249 shares of the company’s stock, valued at $1,045,200.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 25.40% of the stock is currently owned by insiders.

Institutional Trading of One Liberty Properties

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake 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 purchasing an additional 10,490 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in One Liberty Properties in the first quarter valued at approximately $219,000. Bank of New York Mellon Corp boosted 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 worth $2,374,000 after buying an additional 6,868 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of One Liberty Properties in the 3rd quarter valued at $160,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 acquiring an additional 3,157 shares in the last quarter. 36.24% of the stock is currently 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.