RMR Advisors LLC raised its position in One Liberty Properties, Inc. (NYSE:OLP) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,177 shares of the real estate investment trust’s stock after buying an additional 307 shares during the period. RMR Advisors LLC owned approximately 0.10% of One Liberty Properties worth $426,000 at the end of the most recent quarter.
Separately, Naples Global Advisors LLC boosted its stake in One Liberty Properties by 1.1% in the second quarter. Naples Global Advisors LLC now owns 23,037 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 250 shares during the last quarter. 40.12% of the stock is owned by institutional investors.
One Liberty Properties, Inc. (NYSE:OLP) opened at 23.69 on Friday. One Liberty Properties, Inc. has a 1-year low of $21.96 and a 1-year high of $25.89. The company has a 50 day moving average of $24.02 and a 200 day moving average of $23.62. The company has a market capitalization of $441.32 million, a PE ratio of 20.08 and a beta of 0.81.
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A number of analysts recently issued reports on OLP shares. Wunderlich reissued a “hold” rating and set a $24.00 target price (down from $26.00) on shares of One Liberty Properties in a research note on Thursday, May 11th. BidaskClub cut shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Finally, FBR & Co initiated coverage on shares of One Liberty Properties in a research note on Monday, July 24th. They set a “mkt perform” rating and a $25.50 price target for the company. Four equities research analysts have rated the stock with a hold rating, One Liberty Properties has an average rating of “Hold” and an average target price of $24.75.
In other One Liberty Properties news, insider Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $23.57, for a total transaction of $117,850.00. Following the completion of the transaction, the insider now owns 98,007 shares in the company, valued at $2,310,024.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is currently owned by insiders.
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.
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