One Liberty Properties, Inc. (NYSE:OLP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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. “

Several other equities research analysts also recently weighed in on the company. DA Davidson assumed coverage on One Liberty Properties in a report on Monday. They set a “neutral” rating and a $25.00 price objective on the stock. ValuEngine raised One Liberty Properties from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised One Liberty Properties from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, FBR & Co started coverage on One Liberty Properties in a report on Monday, July 24th. They set a “mkt perform” rating and a $25.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $24.83.

One Liberty Properties (OLP) opened at 23.86 on Tuesday. One Liberty Properties has a 52 week low of $21.96 and a 52 week high of $25.89. The firm has a market cap of $444.49 million, a price-to-earnings ratio of 20.22 and a beta of 0.82. The stock’s 50 day moving average price is $24.01 and its 200 day moving average price is $23.67.

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In other One Liberty Properties news, insider Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $23.57, for a total transaction of $117,850.00. Following the transaction, the insider now directly owns 98,007 shares of the company’s stock, valued at approximately $2,310,024.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Justin Clair sold 2,100 shares of One Liberty Properties stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $24.06, for a total value of $50,526.00. Following the transaction, the vice president now directly owns 33,305 shares in the company, valued at $801,318.30. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in OLP. Vanguard Group Inc. lifted its holdings in One Liberty Properties by 14.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,875,088 shares of the real estate investment trust’s stock worth $43,933,000 after buying an additional 234,523 shares during the period. Northern Trust Corp lifted its holdings in One Liberty Properties by 11.1% during the 2nd quarter. Northern Trust Corp now owns 481,807 shares of the real estate investment trust’s stock worth $11,289,000 after buying an additional 48,129 shares during the period. State Street Corp lifted its holdings in One Liberty Properties by 7.5% during the 2nd quarter. State Street Corp now owns 399,794 shares of the real estate investment trust’s stock worth $9,366,000 after buying an additional 28,042 shares during the period. Bowling Portfolio Management LLC acquired a new position in One Liberty Properties during the 2nd quarter worth about $580,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in One Liberty Properties by 33.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock worth $1,888,000 after buying an additional 20,071 shares during the period. 41.65% of the stock is currently owned by hedge funds and other institutional investors.

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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