StockNews.com Downgrades One Liberty Properties (NYSE:OLP) to Buy

One Liberty Properties (NYSE:OLPGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

OLP stock opened at $25.98 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.51 and a quick ratio of 1.54. One Liberty Properties has a one year low of $24.33 and a one year high of $36.60. The stock has a market cap of $548.72 million, a PE ratio of 12.14, a P/E/G ratio of 2.40 and a beta of 1.37. The firm has a 50 day simple moving average of $29.85 and a two-hundred day simple moving average of $31.55.

One Liberty Properties (NYSE:OLPGet Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. One Liberty Properties had a net margin of 54.17% and a return on equity of 14.75%. On average, research analysts expect that One Liberty Properties will post 1.78 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its stake in One Liberty Properties by 21.2% in the 4th quarter. Pacer Advisors Inc. now owns 389,802 shares of the real estate investment trust’s stock worth $13,752,000 after buying an additional 68,077 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of One Liberty Properties in the 4th quarter valued at $213,000. Roosevelt Investment Group LLC boosted its stake in shares of One Liberty Properties by 144.0% in the 4th quarter. Roosevelt Investment Group LLC now owns 30,967 shares of the real estate investment trust’s stock valued at $1,093,000 after purchasing an additional 18,277 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of One Liberty Properties in the 4th quarter valued at $102,000. Finally, Voya Investment Management LLC purchased a new stake in shares of One Liberty Properties in the 3rd quarter valued at $229,000. 39.98% of the stock is owned by institutional investors and hedge funds.

One Liberty Properties Company Profile (Get Rating)

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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