Compass Point Research Reiterates One Liberty Properties Buy, $18 PT

Compass Point Research & Trading reiterated its One Liberty Properties Buy rating and $18 PT in a research report published today.

In the report, Compass Point states, "We are lowering our acquisition forecast for OLP for 2011 to $25 million from $75 million, but continue to believe that $75 million in acquisitions is a realistic expectation for 2012. Even so, the company's AFFO payout ratio should still drop below 90% and the current 9% yield remains one of the most attractive yields in the REIT industry."

Shares of One Liberty Properties were trading at $14.57 at the time of posting, down 8.02% from Tuesday's market close.