One Liberty Properties (OLP – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Barry Oxford from Colliers Securities reiterated a Hold rating on the stock and has a $29.00 price target.
Barry Oxford has given his Hold rating due to a combination of factors influencing One Liberty Properties’ current market position. The company has been actively expanding its industrial portfolio, which now comprises a significant portion of its rental income. Despite this strategic shift, the company’s valuation remains slightly below average within the triple net sector, and its near-term growth rate is relatively low, suggesting that the current stock price is fair.
Furthermore, One Liberty Properties reported earnings that slightly exceeded expectations, with rental income showing a modest increase. However, the company’s balance sheet reflects a higher level of debt compared to its peers, which may pose risks. The stock trades at a discount to its net asset value, and while there is a potential equity upside, the overall projected price return aligns with the broader market expectations, supporting the Hold recommendation.
Oxford covers the Real Estate sector, focusing on stocks such as Postal Realty, Mid-America Apartment, and Strawberry Fields REIT Inc. According to TipRanks, Oxford has an average return of 2.9% and a 60.31% success rate on recommended stocks.
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