One Liberty Properties, Inc. (NYSE:OLP) has been given an average rating of “Buy” by the eight ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $26.40.

OLP has been the topic of a number of recent analyst reports. TheStreet raised shares of One Liberty Properties from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. ValuEngine raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. B. Riley reaffirmed a “hold” rating and issued a $25.50 target price on shares of One Liberty Properties in a research report on Thursday, November 9th. 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. Finally, DA Davidson increased their target price on shares of One Liberty Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th.

In related news, VP Justin Clair sold 2,839 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $24.87, for a total transaction of $70,605.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lawrence Ricketts sold 7,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the sale, the insider now 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. 8.60% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in OLP. OxFORD Asset Management LLP acquired a new stake in shares of One Liberty Properties in the 2nd quarter worth $214,000. Public Employees Retirement System of Ohio acquired a new stake in shares of One Liberty Properties in the 2nd quarter worth $239,000. Voya Investment Management LLC lifted its stake in shares of One Liberty Properties by 15.1% in the 2nd quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,359 shares during the period. B. Riley Financial Inc. lifted its stake in shares of One Liberty Properties by 50.6% in the 2nd quarter. B. Riley Financial Inc. now owns 22,849 shares of the real estate investment trust’s stock worth $293,000 after acquiring an additional 7,676 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of One Liberty Properties by 0.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 12,932 shares of the real estate investment trust’s stock worth $303,000 after acquiring an additional 46 shares during the period. Institutional investors own 41.17% of the company’s stock.

One Liberty Properties (NYSE OLP) traded down $0.13 during midday trading on Friday, hitting $26.24. 42,800 shares of the company were exchanged, compared to its average volume of 45,907. 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 stock has a market cap of $495.29, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.09 and a beta of 0.88. One Liberty Properties has a 1 year low of $21.96 and a 1 year high of $27.36.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, December 21st. This represents a $1.80 dividend on an annualized basis and a yield of 6.86%. This is a boost from One Liberty Properties’s previous quarterly dividend of $0.43. One Liberty Properties’s dividend payout ratio is currently 131.30%.

ILLEGAL ACTIVITY WARNING: “One Liberty Properties, Inc. (OLP) Receives $26.40 Consensus Price Target from Analysts” was originally posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.watchlistnews.com/one-liberty-properties-inc-olp-receives-26-40-consensus-price-target-from-analysts/1762112.html.

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.

Receive News & Ratings for One Liberty Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for One Liberty Properties and related companies with Analyst Ratings Network's FREE daily email newsletter.