One Liberty Properties price target raised to $25 from $24 at B. Riley

B. Riley raised the firm’s price target on One Liberty Properties to $25 from $24 and keeps a Buy rating on the shares. Management remains committed to continuing the transition of its portfolio from a mix of retail and industrial assets towards an ever-greater focus on industrial, notes the analyst, who adds that dilution from capital recycling should be limited given that the non-core portfolio almost entirely consists of retail assets, which “still garner strong cap rates.”