One Liberty Properties (NYSE:OLP) Cut to “Hold” at StockNews.com

One Liberty Properties (NYSE:OLP) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Separately, B. Riley upped their target price on One Liberty Properties from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday.

One Liberty Properties Price Performance

Shares of NYSE:OLP opened at $21.40 on Thursday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.36. One Liberty Properties has a twelve month low of $17.55 and a twelve month high of $23.43. The stock’s 50 day moving average is $21.59 and its 200-day moving average is $20.78. The firm has a market capitalization of $454.75 million, a price-to-earnings ratio of 15.51, a PEG ratio of 2.54 and a beta of 1.32.

Hedge Funds Weigh In On One Liberty Properties

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in One Liberty Properties in the 3rd quarter valued at $27,000. Fortis Group Advisors LLC raised its position in One Liberty Properties by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 634 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in One Liberty Properties in the 1st quarter valued at $29,000. Tower Research Capital LLC TRC raised its position in One Liberty Properties by 235.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,694 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,189 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in One Liberty Properties in the 4th quarter valued at $45,000. 36.24% of the stock is owned by institutional investors and hedge funds.

One Liberty Properties Company Profile

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 and retail 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.