Compass Point Reiterates a 'Buy' on One Liberty Properties (OLP); Raising Numbers on Increased Asset Pricing

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Compass Point reiterates a 'Buy' on One Liberty Properties (NYSE: OLP) price target of $21.00 (from $18.00).

Analyst, Wilkes Graham, said, "Our price target increase reflects declining cap rates among OLP's portfolio of triple net leased retail, office, and industrial buildings as well as slightly higher NOI due to rent bumps. While lower cap rates bode well for NAV, they are pricing out OLP from otherwise attractive acquisition opportunities, and as such we are also lowering our 2012 FFO estimate to $1.52 from $1.61 and introducing our 2013 FFO estimate at $1.63."

For an analyst ratings summary and ratings history on One Liberty Properties click here. For more ratings news on One Liberty Properties click here.

Shares of One Liberty Properties closed at $19.09 yesterday, with a 52 week range of $11.52-$20.36.

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