The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial REITs peer group is "buy"
Wall Street's median 12-month price target for One Liberty Properties Inc is $26.00, about 5.7% above its August 4 closing price of $24.60
The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 44 three months ago
Portfolio shift and expense drivers
One Liberty says portfolio optimization positions it for continued growth in industrial segment
Industrial acquisitions - Co said Q2 rental income growth was primarily driven by accretive industrial property acquisitions
Portfolio shift - Co said industrial properties now represent about 85% of base rent after disposing of non-core retail assets
Higher operating and interest expenses - Co said operating and interest expenses rose due to industrial acquisitions and higher mortgage debt
Q2 rental income rises on industrial acquisitions
US industrial REIT's Q2 rental income rose 10.3% yr/yr, driven by industrial acquisitions
Q2 FFO per share rose 9%, AFFO per share up 4% from prior year
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