One Liberty Properties (OLP) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of One Liberty Properties (NYSE:OLP) from a buy rating to a hold rating in a report issued on Thursday.

According to Zacks, “ONE LIBERTY PROPERTIES, INC. is a real estate investment trust which invests primarily in improved, commercial real estate under long-term net lease. “

Other equities analysts have also recently issued research reports about the company. TheStreet upgraded One Liberty Properties from a c+ rating to a b- rating in a report on Thursday, October 5th. B. Riley reiterated a hold rating and set a $25.50 price target on shares of One Liberty Properties in a report on Thursday, November 9th. Finally, DA Davidson lifted their price target on One Liberty Properties from $25.00 to $26.00 and gave the stock a neutral rating in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $25.80.

One Liberty Properties (OLP) traded down $0.09 during trading on Thursday, reaching $25.40. The company had a trading volume of 23,200 shares, compared to its average volume of 43,478. One Liberty Properties has a fifty-two week low of $21.96 and a fifty-two week high of $27.70. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $477.07, a PE ratio of 19.39, a P/E/G ratio of 2.01 and a beta of 0.89.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). One Liberty Properties had a return on equity of 8.31% and a net margin of 32.44%. sell-side analysts anticipate that One Liberty Properties will post 2.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 5th. Shareholders of record on Friday, December 22nd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 21st. This is an increase from One Liberty Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 7.09%. One Liberty Properties’s dividend payout ratio (DPR) is 137.40%.

A number of hedge funds have recently modified their holdings of OLP. Schwab Charles Investment Management Inc. lifted 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. Bank of New York Mellon Corp lifted its position in One Liberty Properties by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 147,286 shares of the real estate investment trust’s stock worth $3,450,000 after acquiring an additional 1,120 shares during the last quarter. Wells Fargo & Company MN lifted its position in One Liberty Properties by 10.3% during the second quarter. Wells Fargo & Company MN now owns 64,391 shares of the real estate investment trust’s stock worth $1,509,000 after acquiring an additional 6,016 shares during the last quarter. AXA lifted its position in One Liberty Properties by 14.4% during the second quarter. AXA now owns 67,325 shares of the real estate investment trust’s stock worth $1,577,000 after acquiring an additional 8,476 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in One Liberty Properties by 1.5% during the second quarter. Alliancebernstein L.P. now owns 55,368 shares of the real estate investment trust’s stock worth $1,297,000 after acquiring an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 41.17% of the company’s stock.

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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.

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