Short Interest in One Liberty Properties, Inc. (NYSE:OLP) Drops By 13.8%

One Liberty Properties, Inc. (NYSE:OLP) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 115,100 shares, a decline of 13.8% from the December 15th total of 133,500 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 52,800 shares, the short-interest ratio is presently 2.2 days.

One Liberty Properties Stock Down 1.1 %

Shares of One Liberty Properties stock traded down $0.29 on Friday, hitting $25.77. The company had a trading volume of 41,192 shares, compared to its average volume of 61,928. One Liberty Properties has a 1 year low of $19.25 and a 1 year high of $30.45. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. The stock has a 50 day moving average of $27.92 and a 200-day moving average of $26.92. The stock has a market capitalization of $551.18 million, a price-to-earnings ratio of 15.91, a P/E/G ratio of 2.94 and a beta of 1.40.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.18). The company had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. As a group, sell-side analysts forecast that One Liberty Properties will post 1.68 earnings per share for the current year.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a dividend of $0.45 per share. The ex-dividend date was Monday, December 23rd. This represents a $1.80 annualized dividend and a dividend yield of 6.99%. One Liberty Properties’s dividend payout ratio is currently 111.11%.

Institutional Trading of One Liberty Properties

A number of institutional investors and hedge funds have recently modified their holdings of OLP. Future Financial Wealth Managment LLC bought a new position in One Liberty Properties in the 3rd quarter valued at $83,000. SG Americas Securities LLC bought a new position in One Liberty Properties during the third quarter valued at about $160,000. BNP Paribas Financial Markets boosted its stake in One Liberty Properties by 80.1% in the third quarter. BNP Paribas Financial Markets now owns 6,300 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 2,801 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of One Liberty Properties by 24.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,206 shares of the real estate investment trust’s stock valued at $200,000 after acquiring an additional 1,415 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of One Liberty Properties during the 3rd quarter worth approximately $201,000. 36.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

About One Liberty Properties

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.