One Liberty Properties, Inc. (NYSE:OLP) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday, July 11th.
Separately, Wunderlich reissued a “hold” rating and set a $24.00 target price (down previously from $26.00) on shares of One Liberty Properties in a research note on Thursday, May 11th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $24.75.
One Liberty Properties (NYSE:OLP) opened at 23.37 on Tuesday. The company’s 50-day moving average price is $23.98 and its 200-day moving average price is $23.62. One Liberty Properties has a 12-month low of $21.96 and a 12-month high of $25.89. The stock has a market cap of $435.36 million, a PE ratio of 19.81 and a beta of 0.81.
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In other news, insider Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $23.57, for a total value of $117,850.00. Following the completion of the sale, the insider now directly owns 98,007 shares of the company’s stock, valued at $2,310,024.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of OLP. OxFORD Asset Management LLP purchased a new stake in shares of One Liberty Properties during the second quarter worth $214,000. Citigroup Inc. boosted its stake in shares of One Liberty Properties by 39.2% in the second quarter. Citigroup Inc. now owns 16,428 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 4,628 shares during the last quarter. RMR Advisors LLC boosted its stake in shares of One Liberty Properties by 1.7% in the second quarter. RMR Advisors LLC now owns 18,177 shares of the real estate investment trust’s stock worth $426,000 after buying an additional 307 shares during the last quarter. B. Riley Financial Inc. boosted its stake 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 worth $293,000 after buying an additional 7,676 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in shares of One Liberty Properties by 1.1% in the second quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 250 shares during the last quarter. 40.39% of the stock is owned by institutional investors and hedge funds.
One Liberty Properties Company Profile
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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