Zacks Investment Research Downgrades One Liberty Properties (OLP) to Hold

One Liberty Properties (NYSE:OLP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

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. “

Other analysts also recently issued research reports about the company. B. Riley reissued a “neutral” rating on shares of One Liberty Properties in a research note on Wednesday, November 1st. DA Davidson initiated coverage on One Liberty Properties in a research report on Monday, September 25th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $26.40.

Shares of One Liberty Properties (NYSE:OLP) opened at $25.05 on Thursday. One Liberty Properties has a 12 month low of $21.96 and a 12 month high of $27.70. The stock has a market capitalization of $485.52, a PE ratio of 19.12, a price-to-earnings-growth ratio of 2.04 and a beta of 0.89. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.36.

Large investors have recently added to or reduced their stakes in the stock. OxFORD Asset Management LLP acquired a new stake in shares of One Liberty Properties in the second quarter valued at about $214,000. Public Employees Retirement System of Ohio acquired a new stake in shares of One Liberty Properties in the second quarter valued at about $239,000. Voya Investment Management LLC increased its position in shares of One Liberty Properties by 15.1% in the second quarter. Voya Investment Management LLC now owns 10,366 shares of the real estate investment trust’s stock valued at $243,000 after acquiring an additional 1,359 shares during the last quarter. B. Riley Financial Inc. increased its position in shares of One Liberty Properties by 50.6% in the second quarter. B. Riley Financial Inc. now owns 22,849 shares of the real estate investment trust’s stock valued at $293,000 after acquiring an additional 7,676 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of One Liberty Properties by 0.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 12,932 shares of the real estate investment trust’s stock valued at $303,000 after acquiring an additional 46 shares during the last quarter. 41.17% of the stock is currently owned by institutional investors and hedge funds.

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About One Liberty Properties

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

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