One Liberty Properties (NYSE:OLP) Stock Gets Downgrade from Zacks Research

One Liberty Properties (NYSE:OLP – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of One Liberty Properties in a report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.50.

View Our Latest Stock Analysis on One Liberty Properties

One Liberty Properties Stock Performance

Shares of OLP opened at $22.19 on Monday. The company has a market capitalization of $485.96 million, a PE ratio of 13.96 and a beta of 0.88. One Liberty Properties has a 52-week low of $19.62 and a 52-week high of $25.88. The company has a 50-day simple moving average of $23.30 and a 200-day simple moving average of $23.58. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.73.

One Liberty Properties (NYSE:OLP – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. One Liberty Properties had a return on equity of 11.52% and a net margin of 33.51%. The business had revenue of $27.00 million for the quarter, compared to analyst estimates of $26.78 million. Equities research analysts predict that One Liberty Properties will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $24.06, for a total transaction of $108,270.00. Following the sale, the executive vice president owned 34,153 shares in the company, valued at $821,721.18. This represents a 11.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 26.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP bought a new position in shares of One Liberty Properties during the second quarter valued at approximately $35,000. New York State Teachers Retirement System bought a new stake in One Liberty Properties in the 1st quarter valued at about $36,000. Legal & General Group Plc acquired a new stake in shares of One Liberty Properties in the second quarter valued at approximately $41,000. GAMMA Investing LLC raised its holdings in shares of One Liberty Properties by 28.4% during the third quarter. GAMMA Investing LLC now owns 3,052 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 675 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of One Liberty Properties by 29.7% during the first quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 3,219 shares during the period. 36.24% of the stock is owned by institutional investors and hedge funds.

One Liberty Properties Company Profile

(Get Free Report)

One Liberty Properties, Inc (NYSE: OLP) is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns and manages a diversified portfolio of commercial properties. The company primarily invests in properties subject to long-term, net leases, under which tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance.

Its portfolio has historically included industrial, retail, office, restaurant and other commercial properties leased to businesses across a range of industries.

See Also

Receive News & Ratings for One Liberty Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for One Liberty Properties and related companies with MarketBeat.com's FREE daily email newsletter.