One Liberty Properties (NYSE:OLP - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.
One Liberty Properties Stock Performance
Shares of OLP stock traded down $0.96 during mid-day trading on Wednesday, hitting $22.03. The stock had a trading volume of 71,029 shares, compared to its average volume of 58,699. One Liberty Properties has a fifty-two week low of $17.55 and a fifty-two week high of $23.43. The firm has a market cap of $468.14 million, a PE ratio of 15.96, a PEG ratio of 2.70 and a beta of 1.32. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.48 and a quick ratio of 2.48. The company's 50-day simple moving average is $21.43 and its 200-day simple moving average is $20.68.
Institutional Trading of One Liberty Properties
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in One Liberty Properties by 5.1% during the second quarter. BlackRock Inc. now owns 1,331,365 shares of the real estate investment trust's stock worth $27,053,000 after acquiring an additional 64,371 shares during the last quarter. Jane Street Group LLC lifted its position in One Liberty Properties by 481.0% during the first quarter. Jane Street Group LLC now owns 64,954 shares of the real estate investment trust's stock valued at $2,000,000 after buying an additional 53,775 shares in the last quarter. Zacks Investment Management acquired a new position in One Liberty Properties during the second quarter valued at approximately $838,000. Virginia Retirement Systems ET AL acquired a new position in One Liberty Properties during the second quarter valued at approximately $642,000. Finally, CI Private Wealth LLC acquired a new position in shares of One Liberty Properties during the fourth quarter worth $688,000. Institutional investors and hedge funds own 36.24% of the company's stock.
About One Liberty Properties
(
Get Free Report)
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.
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