One Liberty Properties (NYSE:OLP) Lifted to “Buy” at StockNews.com

One Liberty Properties (NYSE:OLP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, B. Riley upped their target price on One Liberty Properties from $24.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, April 15th.

One Liberty Properties Stock Performance

Shares of NYSE OLP traded up $0.61 during mid-day trading on Thursday, hitting $24.11. The company had a trading volume of 49,231 shares, compared to its average volume of 55,865. One Liberty Properties has a 12 month low of $17.55 and a 12 month high of $24.13. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.48 and a quick ratio of 2.48. The firm has a market cap of $512.41 million, a P/E ratio of 17.47, a PEG ratio of 2.72 and a beta of 1.31. The business’s 50-day simple moving average is $22.43 and its 200-day simple moving average is $21.26.

Institutional Investors Weigh In On One Liberty Properties

Several large investors have recently modified their holdings of OLP. Exchange Traded Concepts LLC increased its holdings in shares of One Liberty Properties by 41.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 104,347 shares of the real estate investment trust’s stock worth $2,286,000 after buying an additional 30,470 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of One Liberty Properties in the fourth quarter valued at about $368,000. Atria Wealth Solutions Inc. acquired a new position in One Liberty Properties during the 3rd quarter worth about $258,000. Quadrature Capital Ltd bought a new stake in One Liberty Properties during the 3rd quarter worth about $211,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in One Liberty Properties in the 1st quarter valued at about $219,000. 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.