DA Davidson Research Analysts Increase Earnings Estimates for One Liberty Properties, Inc. (OLP)

One Liberty Properties, Inc. (NYSE:OLP) – Stock analysts at DA Davidson raised their FY2017 earnings per share estimates for shares of One Liberty Properties in a research report issued on Monday. DA Davidson analyst B. Oxford now forecasts that the real estate investment trust will earn $2.11 per share for the year, up from their prior estimate of $2.04. DA Davidson currently has a “Neutral” rating and a $25.00 target price on the stock. DA Davidson also issued estimates for One Liberty Properties’ Q4 2017 earnings at $0.55 EPS, Q1 2018 earnings at $0.52 EPS, Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.53 EPS, Q4 2018 earnings at $0.53 EPS, FY2018 earnings at $2.09 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.55 EPS and FY2019 earnings at $2.17 EPS.

Several other analysts also recently commented on OLP. FBR & Co initiated coverage on shares of One Liberty Properties in a report on Monday, July 24th. They issued a “mkt perform” rating and a $25.50 target price for the company. BidaskClub upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a report on Monday, July 24th. ValuEngine upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research downgraded shares of One Liberty Properties from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, TheStreet upgraded shares of One Liberty Properties from a “c+” rating to a “b-” rating in a report on Thursday, October 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $25.00.

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Shares of One Liberty Properties (NYSE:OLP) opened at $25.41 on Tuesday. The company has a market cap of $471.81, a PE ratio of 12.31, a PEG ratio of 2.02 and a beta of 0.85. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.36. One Liberty Properties has a 1-year low of $21.96 and a 1-year high of $25.89.

In other news, VP Justin Clair sold 2,839 shares of One Liberty Properties stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $24.87, for a total value of $70,605.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lawrence Ricketts sold 7,000 shares of One Liberty Properties stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $24.14, for a total transaction of $168,980.00. Following the completion of the transaction, the insider now owns 113,302 shares of the company’s stock, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. Insiders have sold 11,939 shares of company stock valued at $290,112 in the last 90 days. 8.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of OLP. Vanguard Group Inc. increased its stake in shares of One Liberty Properties by 14.3% in the second quarter. Vanguard Group Inc. now owns 1,875,088 shares of the real estate investment trust’s stock worth $43,933,000 after purchasing an additional 234,523 shares in the last quarter. Northern Trust Corp boosted its position in shares of One Liberty Properties by 11.1% in the second quarter. Northern Trust Corp now owns 481,807 shares of the real estate investment trust’s stock valued at $11,289,000 after acquiring an additional 48,129 shares during the period. SG Americas Securities LLC bought a new position in shares of One Liberty Properties in the third quarter valued at approximately $730,000. State Street Corp boosted its position in shares of One Liberty Properties by 7.5% in the second quarter. State Street Corp now owns 399,794 shares of the real estate investment trust’s stock valued at $9,366,000 after acquiring an additional 28,042 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of One Liberty Properties by 42.7% in the third quarter. Wells Fargo & Company MN now owns 91,918 shares of the real estate investment trust’s stock valued at $2,240,000 after acquiring an additional 27,527 shares during the period. Hedge funds and other institutional investors own 41.56% of the company’s stock.

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.

Earnings History and Estimates for One Liberty Properties (NYSE:OLP)

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