Wall Street Zen Upgrades One Liberty Properties (NYSE:OLP) to Hold

Key Points

• Wall Street Zen upgraded One Liberty Properties (NYSE:OLP) from a "sell" rating to a "hold" in a research report issued Saturday.
• Analyst views are mixed: B. Riley reiterated a "buy" and raised its price target to $27.50, Weiss Ratings remains at "sell", and MarketBeat shows an average rating of Hold with a consensus target of $27.50.
• Insiders sold 11,492 shares last quarter (including COO Lawrence Ricketts' sale of 2,000 shares), with insiders owning 25.8% of the company; One Liberty has a market cap of $481.46M, a PE of 18.87, and a 52-week range of $19.62–$26.40.

One Liberty Properties (NYSE:OLP - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently commented on OLP. B. Riley Financial restated a "buy" rating and set a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a research note on Wednesday, March 11th. Weiss Ratings reissued a "sell (e)" rating on shares of One Liberty Properties in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.50.

One Liberty Properties Price Performance

NYSE OLP opened at $22.08 on Friday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.73. The company has a market cap of $481.46 million, a PE ratio of 18.87 and a beta of 0.96. One Liberty Properties has a 52 week low of $19.62 and a 52 week high of $26.40. The firm's 50-day simple moving average is $22.57 and its two-hundred day simple moving average is $21.50.

Insider Buying and Selling at One Liberty Properties

In other news, COO Lawrence Ricketts sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $23.58, for a total transaction of $47,160.00. Following the sale, the chief operating officer directly owned 181,021 shares in the company, valued at $4,268,475.18. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 11,492 shares of company stock worth $264,545 in the last quarter. Corporate insiders own 25.80% of the company's stock.

Hedge Funds Weigh In On One Liberty Properties

Several hedge funds have recently bought and sold shares of the company. Norges Bank bought a new stake in One Liberty Properties during the 4th quarter worth approximately $1,187,000. Man Group plc boosted its holdings in One Liberty Properties by 184.6% in the 2nd quarter. Man Group plc now owns 71,397 shares of the real estate investment trust's stock valued at $1,704,000 after purchasing an additional 46,308 shares during the period. Millennium Management LLC purchased a new position in shares of One Liberty Properties during the 4th quarter valued at $656,000. Jane Street Group LLC grew its position in shares of One Liberty Properties by 172.5% during the 1st quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust's stock valued at $1,300,000 after purchasing an additional 31,313 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of One Liberty Properties in the third quarter worth $666,000. Hedge funds and other institutional investors own 36.24% of the company's stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty's strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.

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