One Liberty Properties (NYSE:OLP) Receives Sell (E-) Rating from Weiss Ratings

Key Points

• One Liberty Properties received a "sell (e-)" rating from Weiss Ratings, reaffirming a cautious outlook on the stock.
• The stock price increased by 0.5% during midday trading, reaching $20.68, with a market capitalization of $446.58 million.
• In its latest earnings report, One Liberty Properties reported an EPS of $0.49, meeting analysts' expectations but with revenue slightly below projections.

One Liberty Properties (NYSE:OLP - Get Free Report)'s stock had its "sell (e-)" rating reaffirmed by stock analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

One Liberty Properties Trading Up 0.5%

OLP stock traded up $0.11 during midday trading on Tuesday, hitting $20.68. 38,890 shares of the company's stock were exchanged, compared to its average volume of 60,901. The company has a market cap of $446.58 million, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.06. The stock's fifty day moving average price is $22.64 and its 200-day moving average price is $23.62. One Liberty Properties has a one year low of $20.31 and a one year high of $30.45. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.07 and a current ratio of 2.07.

One Liberty Properties (NYSE:OLP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $24.55 million for the quarter, compared to analyst estimates of $25.00 million. One Liberty Properties had a return on equity of 9.26% and a net margin of 29.85%. Research analysts predict that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Institutional Trading of One Liberty Properties

Several institutional investors and hedge funds have recently bought and sold shares of OLP. Ameritas Investment Partners Inc. raised its holdings in One Liberty Properties by 43.5% during the second quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 568 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in One Liberty Properties by 6.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,051 shares of the real estate investment trust's stock worth $240,000 after acquiring an additional 585 shares in the last quarter. Larson Financial Group LLC raised its holdings in One Liberty Properties by 127.5% during the first quarter. Larson Financial Group LLC now owns 1,060 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 594 shares in the last quarter. Resona Asset Management Co. Ltd. raised its holdings in One Liberty Properties by 13.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 6,903 shares of the real estate investment trust's stock worth $180,000 after acquiring an additional 809 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in One Liberty Properties by 4.3% during the second quarter. Nomura Asset Management Co. Ltd. now owns 22,020 shares of the real estate investment trust's stock worth $525,000 after acquiring an additional 900 shares in the last quarter. Institutional investors own 36.24% of the company's stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.

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