One Liberty Properties’ (NYSE:OLP) “Hold” Rating Reaffirmed at B. Riley

B. Riley reiterated their hold rating on shares of One Liberty Properties (NYSE:OLP) in a report published on Thursday, November 9th. They currently have a $25.50 target price on the real estate investment trust’s stock. B. Riley also issued estimates for One Liberty Properties’ Q4 2017 earnings at $0.54 EPS, FY2017 earnings at $2.10 EPS, Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.54 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $2.13 EPS.

OLP has been the subject of a number of other research reports. Zacks Investment Research raised shares of One Liberty Properties from a sell rating to a hold rating in a research report on Tuesday, October 24th. TheStreet raised shares of One Liberty Properties from a c+ rating to a b- rating in a report on Thursday, October 5th. ValuEngine raised shares of One Liberty Properties from a hold rating to a buy rating in a report on Friday, September 1st. FBR & Co began coverage on shares of One Liberty Properties in a report on Monday, July 24th. They set a mkt perform rating and a $25.50 target price for the company. Finally, DA Davidson began coverage on shares of One Liberty Properties in a report on Monday, September 25th. They set a neutral rating and a $25.00 target price for the company. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $26.40.

Shares of One Liberty Properties (NYSE OLP) traded up $0.41 on Thursday, hitting $27.08. 39,491 shares of the stock were exchanged, compared to its average volume of 46,075. One Liberty Properties has a 52 week low of $21.96 and a 52 week high of $27.14. The company has a market cap of $503.93, a P/E ratio of 13.09, a PEG ratio of 2.11 and a beta of 0.85. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.36.

In other One Liberty Properties news, VP Justin Clair sold 2,839 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lawrence Ricketts sold 7,000 shares of the business’s 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 sale, the insider now directly owns 113,302 shares of the company’s stock, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in One Liberty Properties by 14.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,875,088 shares of the real estate investment trust’s stock valued at $43,933,000 after purchasing an additional 234,523 shares during the period. Northern Trust Corp boosted its holdings in One Liberty Properties by 11.1% in the 2nd quarter. Northern Trust Corp now owns 481,807 shares of the real estate investment trust’s stock valued at $11,289,000 after purchasing an additional 48,129 shares during the period. State Street Corp boosted its holdings in One Liberty Properties by 7.5% in the 2nd quarter. State Street Corp now owns 399,794 shares of the real estate investment trust’s stock valued at $9,366,000 after purchasing an additional 28,042 shares during the period. Dimensional Fund Advisors LP raised its position in shares of One Liberty Properties by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 207,106 shares of the real estate investment trust’s stock valued at $5,045,000 after buying an additional 3,678 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of One Liberty Properties by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 149,897 shares of the real estate investment trust’s stock valued at $3,651,000 after buying an additional 2,611 shares in the last quarter. 41.22% of the stock is owned by hedge funds and other institutional investors.

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About One Liberty Properties

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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