One Liberty Properties price target raised to $28 from $26 at B. Riley

B. Riley analyst John Massocca raised the firm’s price target on One Liberty Properties to $28 from $26 and keeps a Buy rating on the shares. While all of One Liberty’s Q2 acquisition and disposition activity was preannounced, the quarterly earnings featured a notable update on under-contract transactions that are planned for Q3 and Q4, the analyst tells investors in a research note. The firm cites the positive impact of lower interest rates on broader real estate investment trust valuations for the target increase.