B. Riley Increases One Liberty Properties (NYSE:OLP) Price Target to $25.00

One Liberty Properties (NYSE:OLP) had its price objective increased by analysts at B. Riley from $24.00 to $25.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price target points to a potential upside of 17.34% from the company’s previous close. B. Riley also issued estimates for One Liberty Properties’ Q1 2024 earnings at $0.41 EPS, Q1 2025 earnings at $0.42 EPS, Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.43 EPS and Q4 2025 earnings at $0.45 EPS.

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th.

One Liberty Properties Stock Down 1.2 %

NYSE:OLP opened at $21.31 on Monday. The business’s fifty day moving average price is $21.56 and its 200 day moving average price is $20.78. The firm has a market capitalization of $452.73 million, a price-to-earnings ratio of 15.44, a PEG ratio of 2.59 and a beta of 1.32. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.36. One Liberty Properties has a 1-year low of $17.55 and a 1-year high of $23.43.

Hedge Funds Weigh In On One Liberty Properties

A number of hedge funds have recently added to or reduced their stakes in OLP. BlackRock Inc. lifted its stake in One Liberty Properties by 5.1% in the second quarter. BlackRock Inc. now owns 1,331,365 shares of the real estate investment trust’s stock valued at $27,053,000 after acquiring an additional 64,371 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of One Liberty Properties by 481.0% in the 1st quarter. Jane Street Group LLC now owns 64,954 shares of the real estate investment trust’s stock valued at $2,000,000 after purchasing an additional 53,775 shares during the last quarter. Zacks Investment Management bought a new stake in One Liberty Properties in the second quarter worth $838,000. Virginia Retirement Systems ET AL bought a new stake in One Liberty Properties in the second quarter worth $642,000. Finally, CI Private Wealth LLC acquired a new position in One Liberty Properties during the fourth quarter worth $688,000. Institutional investors and hedge funds own 36.24% of the company’s stock.

About One Liberty Properties

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.