ValuEngine Upgrades One Liberty Properties (OLP) to Buy

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One Liberty Properties (NYSE:OLP) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on OLP. Zacks Investment Research cut shares of One Liberty Properties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 15th. TheStreet raised shares of One Liberty Properties from a “c+” rating to a “b-” rating in a research report on Friday, February 1st.

Shares of OLP opened at $29.34 on Tuesday. One Liberty Properties has a fifty-two week low of $23.02 and a fifty-two week high of $29.94. The company has a market capitalization of $573.62 million, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.81. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.66 and a quick ratio of 1.66.

In other news, VP Justin Clair sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $29.50, for a total value of $59,000.00. Following the completion of the sale, the vice president now owns 34,886 shares of the company’s stock, valued at approximately $1,029,137. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence Ricketts sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $29.70, for a total transaction of $148,500.00. Following the completion of the sale, the insider now directly owns 127,494 shares of the company’s stock, valued at approximately $3,786,571.80. The disclosure for this sale can be found here. Insiders sold a total of 9,946 shares of company stock valued at $292,934 in the last ninety days. Corporate insiders own 21.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in OLP. Rhumbline Advisers lifted its position in One Liberty Properties by 35.4% during the fourth quarter. Rhumbline Advisers now owns 25,324 shares of the real estate investment trust’s stock valued at $613,000 after acquiring an additional 6,619 shares during the last quarter. Bowling Portfolio Management LLC purchased a new stake in One Liberty Properties during the fourth quarter valued at approximately $630,000. Vanguard Group Inc. lifted its position in One Liberty Properties by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,595,554 shares of the real estate investment trust’s stock valued at $44,325,000 after acquiring an additional 21,240 shares during the last quarter. Advisory Services Network LLC purchased a new stake in One Liberty Properties during the fourth quarter valued at approximately $51,000. Finally, Dupont Capital Management Corp lifted its position in One Liberty Properties by 24.9% during the fourth quarter. Dupont Capital Management Corp now owns 27,067 shares of the real estate investment trust’s stock valued at $656,000 after acquiring an additional 5,400 shares during the last quarter. 40.36% of the stock is owned by hedge funds and other institutional investors.

One Liberty Properties Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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