One Liberty Properties (NYSE:OLP) Rating Increased to Strong-Buy at Zacks Research

One Liberty Properties (NYSE:OLP) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings raised One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded One Liberty Properties from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Finally, B. Riley Financial boosted their price target on One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

One Liberty Properties Stock Performance

NYSE:OLP opened at $25.45 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $555.43 million, a price-to-earnings ratio of 20.04 and a beta of 0.88. The firm’s fifty day simple moving average is $24.07 and its 200 day simple moving average is $22.91. One Liberty Properties has a twelve month low of $19.62 and a twelve month high of $25.60.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The firm had revenue of $28.29 million during the quarter, compared to the consensus estimate of $26.77 million. As a group, equities research analysts expect that One Liberty Properties will post 1.73 earnings per share for the current fiscal year.

Insider Activity at One Liberty Properties

In other One Liberty Properties news, EVP Justin Clair sold 2,676 shares of One Liberty Properties stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $23.36, for a total transaction of $62,511.36. Following the sale, the executive vice president directly owned 33,074 shares in the company, valued at $772,608.64. The trade was a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Lawrence Ricketts sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $24.50, for a total value of $147,000.00. Following the completion of the transaction, the chief operating officer directly owned 165,522 shares in the company, valued at approximately $4,055,289. The trade was a 3.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,676 shares of company stock worth $348,794 over the last 90 days. 25.80% of the stock is owned by company insiders.

Institutional Trading of One Liberty Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in One Liberty Properties by 62.7% during the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. Bank of America Corp DE increased its position in shares of One Liberty Properties by 7.8% in the 1st quarter. Bank of America Corp DE now owns 35,551 shares of the real estate investment trust’s stock worth $763,000 after purchasing an additional 2,586 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of One Liberty Properties by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after purchasing an additional 1,246 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of One Liberty Properties by 31.3% in the 1st quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock valued at $2,067,000 after purchasing an additional 22,961 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of One Liberty Properties by 29.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 3,219 shares in the last quarter. Institutional investors own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.