One Liberty Properties (OLP) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of One Liberty Properties (NYSE:OLP) from a hold rating to a sell rating in a report released on Friday morning, Zacks.com reports.

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. “

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of One Liberty Properties from a c+ rating to a b- rating in a research note on Friday, February 1st. ValuEngine upgraded shares of One Liberty Properties from a hold rating to a buy rating in a research note on Friday, March 1st.

NYSE:OLP opened at $29.14 on Friday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $568.11 million, a price-to-earnings ratio of 13.68, a PEG ratio of 2.44 and a beta of 0.81. One Liberty Properties has a 52 week low of $23.02 and a 52 week high of $29.94.

In other news, VP Justin Clair sold 2,946 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $29.00, for a total transaction of $85,434.00. Following the completion of the transaction, the vice president now directly owns 31,940 shares of the company’s stock, valued at approximately $926,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lawrence Ricketts sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $29.70, for a total transaction of $148,500.00. Following the transaction, the insider now directly owns 127,494 shares of the company’s stock, valued at $3,786,571.80. The disclosure for this sale can be found here. Insiders have sold a total of 9,946 shares of company stock valued at $292,934 over the last three months. Insiders own 21.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in OLP. JPMorgan Chase & Co. grew its position in shares of One Liberty Properties by 119.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,193 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 9,354 shares during the period. Bank of New York Mellon Corp boosted its holdings in One Liberty Properties by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 153,512 shares of the real estate investment trust’s stock worth $4,265,000 after buying an additional 3,958 shares during the period. Martingale Asset Management L P boosted its holdings in One Liberty Properties by 5.1% in the 3rd quarter. Martingale Asset Management L P now owns 134,450 shares of the real estate investment trust’s stock worth $3,736,000 after buying an additional 6,500 shares during the period. BlackRock Inc. boosted its holdings in One Liberty Properties by 1.6% in the 3rd quarter. BlackRock Inc. now owns 1,315,146 shares of the real estate investment trust’s stock worth $36,534,000 after buying an additional 21,005 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in One Liberty Properties by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 224,630 shares of the real estate investment trust’s stock worth $6,239,000 after buying an additional 2,028 shares during the period. 40.37% of the stock is owned by hedge funds and other institutional investors.

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, retail, restaurant, health and fitness, and theater 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.

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