One Liberty Properties (NYSE:OLP) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.
OLP has been the subject of a number of other reports. Zacks Investment Research lowered One Liberty Properties from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. TheStreet lowered One Liberty Properties from a “b-” rating to a “c+” rating in a report on Tuesday, March 13th. Finally, B. Riley set a $25.00 price objective on One Liberty Properties and gave the stock a “hold” rating in a report on Friday, March 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $25.70.
Shares of OLP stock opened at $23.62 on Friday. One Liberty Properties has a 12-month low of $21.02 and a 12-month high of $27.70. The company has a market capitalization of $448.02, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.42 and a quick ratio of 1.42.
One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, March 13th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. One Liberty Properties had a return on equity of 8.20% and a net margin of 31.81%. The business had revenue of $19.89 million during the quarter, compared to analyst estimates of $19.31 million. equities research analysts forecast that One Liberty Properties will post 1.97 EPS for the current fiscal year.
In other One Liberty Properties news, COO Lawrence Ricketts sold 5,000 shares of the stock in a transaction on Wednesday, March 28th. The stock was sold at an average price of $23.76, for a total transaction of $118,800.00. Following the completion of the transaction, the chief operating officer now directly owns 125,624 shares of the company’s stock, valued at approximately $2,984,826.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. bought a new position in One Liberty Properties during the 4th quarter valued at $323,000. MetLife Investment Advisors LLC bought a new position in One Liberty Properties during the 4th quarter valued at $163,000. Millennium Management LLC boosted its stake in One Liberty Properties by 152.9% during the 4th quarter. Millennium Management LLC now owns 64,681 shares of the real estate investment trust’s stock valued at $1,677,000 after purchasing an additional 39,110 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in One Liberty Properties by 10.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 64,978 shares of the real estate investment trust’s stock valued at $1,684,000 after purchasing an additional 6,090 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in One Liberty Properties by 22.5% during the 4th quarter. Two Sigma Investments LP now owns 20,304 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 3,730 shares in the last quarter. 42.11% of the stock is owned by hedge funds and other institutional investors.
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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 of industrial, retail (including furniture stores and supermarkets), restaurant, health and fitness and theater properties.
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