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

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

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

One Liberty Properties Trading Up 2.6 %

Shares of OLP stock traded up $0.61 during trading hours on Thursday, hitting $24.11. 49,231 shares of the company’s stock traded hands, compared to its average volume of 55,865. The stock has a market cap of $512.41 million, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.72 and a beta of 1.31. The stock’s 50 day simple moving average is $22.43 and its 200 day simple moving average is $21.26. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.36. One Liberty Properties has a 12 month low of $17.55 and a 12 month high of $24.13.

Institutional Investors Weigh In On One Liberty Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System acquired a new position in One Liberty Properties in the first quarter valued at approximately $219,000. BNP Paribas Financial Markets boosted its stake in One Liberty Properties by 68.8% during the first quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 3,157 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in One Liberty Properties in the first quarter worth $68,000. Fortis Group Advisors LLC increased its stake in One Liberty Properties by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 634 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of One Liberty Properties by 847.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,233 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 3,786 shares during the period. Institutional investors own 36.24% of the company’s stock.

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.