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

Compass Point Research reiterated its One Liberty Properties (NYSE: OLP) Buy rating and $18 price target in a research report published today.

In the report, Compass Point Research states, " After a full day of investor meetings with OLP management yesterday in Boston, we continue to believe the company's industry-high 8.4% yield represents an attractive risk adjusted return for investors. Investors consistently asked about the company's exposure to Haverty's (HVT—NC) and Office Depot (ODP—NC), the ultimate fate of the former Robb & Stuckey asset, management's pay structure, and the company's plans for short-term and long-term portfolio growth."

Shares of One Liberty Properties were trading at $15.97 at the time of posting, up 1.46% from Thursday's market close.