One Liberty Properties (NYSE:OLP) Upgraded by StockNews.com to Buy Rating

One Liberty Properties (NYSE:OLP) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.

One Liberty Properties Stock Performance

Shares of OLP stock opened at $26.27 on Friday. The company has a market cap of $567.09 million, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 3.02 and a beta of 1.38. One Liberty Properties has a 52 week low of $21.11 and a 52 week high of $30.45. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $26.04 and a 200-day moving average of $27.18.

Institutional Investors Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its stake in One Liberty Properties by 24.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 388 shares in the last quarter. Martingale Asset Management L P raised its holdings in One Liberty Properties by 1.7% in the fourth quarter. Martingale Asset Management L P now owns 23,516 shares of the real estate investment trust’s stock worth $641,000 after purchasing an additional 400 shares in the last quarter. Franklin Resources Inc. raised its holdings in One Liberty Properties by 4.6% in the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 440 shares in the last quarter. SG Americas Securities LLC raised its holdings in One Liberty Properties by 10.9% in the fourth quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust’s stock worth $175,000 after purchasing an additional 632 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in shares of One Liberty Properties by 6.5% in the fourth quarter. Guggenheim Capital LLC now owns 13,544 shares of the real estate investment trust’s stock worth $369,000 after acquiring an additional 827 shares during the last quarter. 36.24% of the stock is currently owned by institutional investors.

About One Liberty Properties

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.