One Liberty Properties, Inc. (OLP) Given New $26.00 Price Target at DA Davidson

One Liberty Properties, Inc. (NYSE:OLP) had its price target upped by DA Davidson from $25.00 to $26.00 in a research note issued to investors on Tuesday morning. DA Davidson currently has a neutral rating on the real estate investment trust’s stock. DA Davidson also issued estimates for One Liberty Properties’ Q4 2017 earnings at $0.55 EPS, FY2017 earnings at $2.11 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.09 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.55 EPS and FY2019 earnings at $2.17 EPS.

Several other brokerages have also recently commented on OLP. TheStreet upgraded shares of One Liberty Properties from a c+ rating to a b- rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of One Liberty Properties from a hold rating to a buy rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of One Liberty Properties from a sell rating to a hold rating in a research note on Tuesday, October 24th. B. Riley reiterated a hold rating and issued a $25.50 price objective on shares of One Liberty Properties in a research note on Thursday, November 9th. Finally, BidaskClub upgraded shares of One Liberty Properties from a sell rating to a hold rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. One Liberty Properties currently has an average rating of Hold and a consensus price target of $25.25.

One Liberty Properties (OLP) traded up $0.20 during mid-day trading on Tuesday, hitting $25.61. 49,200 shares of the stock traded hands, compared to its average volume of 46,380. One Liberty Properties has a one year low of $21.96 and a one year high of $25.89. The firm has a market cap of $477.26, a PE ratio of 12.46, a PEG ratio of 2.01 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.77 and a quick ratio of 1.77.

TRADEMARK VIOLATION NOTICE: “One Liberty Properties, Inc. (OLP) Given New $26.00 Price Target at DA Davidson” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/15/one-liberty-properties-inc-olp-given-new-26-00-price-target-at-da-davidson.html.

In other One Liberty Properties news, insider Lawrence Ricketts sold 7,000 shares of One Liberty Properties stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the transaction, the insider now owns 113,302 shares in the company, valued at $2,735,110.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Justin Clair sold 2,100 shares of One Liberty Properties stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $24.06, for a total transaction of $50,526.00. Following the transaction, the vice president now owns 33,305 shares of the company’s stock, valued at approximately $801,318.30. The disclosure for this sale can be found here. Insiders sold 11,939 shares of company stock valued at $290,112 in the last quarter. Company insiders own 8.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OLP. Naples Global Advisors LLC raised its position in One Liberty Properties by 1.1% during the second quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock worth $540,000 after acquiring an additional 250 shares during the last quarter. RMR Advisors LLC raised its position in One Liberty Properties by 1.7% during the second quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 307 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in One Liberty Properties during the second quarter worth about $580,000. Bessemer Group Inc. raised its position in One Liberty Properties by 6.3% during the second quarter. Bessemer Group Inc. now owns 35,600 shares of the real estate investment trust’s stock worth $834,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in One Liberty Properties by 33.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock worth $1,888,000 after acquiring an additional 20,071 shares during the last quarter. Institutional investors own 41.56% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

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

Leave a Reply