One Liberty Properties, Inc. (OLP) Given Consensus Rating of “Buy” by Analysts

One Liberty Properties, Inc. (NYSE:OLP) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $26.40.

Several equities research analysts recently issued reports on the company. TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a research report on Thursday, October 5th. Zacks Investment Research raised One Liberty Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. B. Riley reissued a “hold” rating and set a $25.50 price target on shares of One Liberty Properties in a research report on Thursday, November 9th. Finally, DA Davidson upped their price target on One Liberty Properties from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, November 14th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. grew its stake in shares of One Liberty Properties by 33.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 80,556 shares of the real estate investment trust’s stock worth $1,888,000 after purchasing an additional 20,071 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of One Liberty Properties by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 147,286 shares of the real estate investment trust’s stock worth $3,450,000 after purchasing an additional 1,120 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of One Liberty Properties by 10.3% in the second quarter. Wells Fargo & Company MN now owns 64,391 shares of the real estate investment trust’s stock worth $1,509,000 after purchasing an additional 6,016 shares in the last quarter. AXA grew its stake in shares of One Liberty Properties by 14.4% in the second quarter. AXA now owns 67,325 shares of the real estate investment trust’s stock worth $1,577,000 after purchasing an additional 8,476 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in One Liberty Properties by 1.5% during the second quarter. Alliancebernstein L.P. now owns 55,368 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 800 shares in the last quarter. 41.17% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties (NYSE:OLP) opened at $25.96 on Thursday. The company has a market capitalization of $486.84, a P/E ratio of 19.82, a PEG ratio of 2.05 and a beta of 0.89. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.77 and a current ratio of 1.77. One Liberty Properties has a one year low of $21.96 and a one year high of $27.70.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, December 21st. This is a positive change from One Liberty Properties’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a yield of 6.93%. One Liberty Properties’s dividend payout ratio (DPR) is currently 137.40%.

TRADEMARK VIOLATION NOTICE: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2018/01/04/one-liberty-properties-inc-olp-given-consensus-rating-of-buy-by-analysts.html.

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.

Receive News & Ratings for One Liberty Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for One Liberty Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply