One Liberty Properties (NYSE:OLP) Lowered to Sell Rating by Wall Street Zen

One Liberty Properties (NYSE:OLP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

OLP has been the topic of a number of other reports. B. Riley Financial reaffirmed a “buy” rating and set a $27.50 price target (up from $26.50) on shares of One Liberty Properties in a research note on Wednesday. Weiss Ratings restated a “sell (e)” rating on shares of One Liberty Properties in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.50.

One Liberty Properties Price Performance

OLP stock opened at $22.81 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.92. The company’s 50-day moving average is $22.23 and its 200-day moving average is $21.61. The stock has a market capitalization of $497.53 million, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.68 and a beta of 0.95. One Liberty Properties has a 1 year low of $19.62 and a 1 year high of $27.03.

Hedge Funds Weigh In On One Liberty Properties

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in shares of One Liberty Properties in the fourth quarter worth approximately $300,000. Millennium Management LLC purchased a new position in shares of One Liberty Properties during the fourth quarter valued at approximately $656,000. Guggenheim Capital LLC grew its holdings in One Liberty Properties by 10.9% during the fourth quarter. Guggenheim Capital LLC now owns 18,027 shares of the real estate investment trust’s stock worth $366,000 after buying an additional 1,767 shares in the last quarter. AQR Capital Management LLC bought a new stake in One Liberty Properties during the fourth quarter worth $235,000. Finally, Price T Rowe Associates Inc. MD raised its position in One Liberty Properties by 9.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,420 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 1,454 shares during the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.