Zacks Investment Research cut shares of One Liberty Properties (NYSE:OLP) from a hold rating to a sell rating in a research note issued to investors on Friday morning, Zacks.com reports.

According to Zacks, “ONE LIBERTY PROPERTIES, INC. is a real estate investment trust which invests primarily in improved, commercial real estate under long-term net lease. “

OLP has been the topic of a number of other reports. ValuEngine raised shares of One Liberty Properties from a hold rating to a buy rating in a report on Tuesday, May 14th. TheStreet cut shares of One Liberty Properties from a b- rating to a c+ rating in a report on Thursday, April 4th.

Shares of One Liberty Properties stock opened at $28.68 on Friday. The firm has a market capitalization of $561.67 million, a PE ratio of 13.46, a price-to-earnings-growth ratio of 2.44 and a beta of 0.76. One Liberty Properties has a 12 month low of $23.02 and a 12 month high of $29.94. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.66 and a current ratio of 1.66.

In other news, COO Lawrence Ricketts sold 2,589 shares of One Liberty Properties stock in a transaction on Friday, May 17th. The shares were sold at an average price of $29.45, for a total value of $76,246.05. Following the transaction, the chief operating officer now directly owns 124,835 shares of the company’s stock, valued at approximately $3,676,390.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Justin Clair sold 2,946 shares of One Liberty Properties stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $29.00, for a total transaction of $85,434.00. Following the completion of the transaction, the vice president now directly owns 31,940 shares in the company, valued at $926,260. The disclosure for this sale can be found here. Insiders sold a total of 16,724 shares of company stock worth $492,211 over the last ninety days. Corporate insiders own 21.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in OLP. Metropolitan Life Insurance Co NY increased its stake in One Liberty Properties by 4,378.9% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 262,332 shares of the real estate investment trust’s stock valued at $1,380,000 after buying an additional 256,475 shares during the period. Renaissance Technologies LLC increased its stake in One Liberty Properties by 5.5% in the 1st quarter. Renaissance Technologies LLC now owns 902,736 shares of the real estate investment trust’s stock valued at $26,179,000 after buying an additional 47,400 shares during the period. Charles Schwab Investment Management Inc. increased its stake in One Liberty Properties by 17.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 221,146 shares of the real estate investment trust’s stock valued at $6,414,000 after buying an additional 32,183 shares during the period. Vanguard Group Inc. increased its stake in One Liberty Properties by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,595,554 shares of the real estate investment trust’s stock valued at $44,325,000 after buying an additional 21,240 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new position in One Liberty Properties in the 4th quarter valued at $124,000. 40.56% of the stock is currently owned by institutional investors.

About One Liberty Properties

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, retail, restaurant, health and fitness, and theater 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.

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