One Liberty Properties, Inc. (NYSE:OLP) Short Interest Update

One Liberty Properties, Inc. (NYSE:OLP) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 124,600 shares, a drop of 16.1% from the August 31st total of 148,500 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 55,900 shares, the short-interest ratio is presently 2.2 days.

One Liberty Properties Stock Up 1.6 %

One Liberty Properties stock traded up $0.44 during midday trading on Friday, hitting $27.45. The stock had a trading volume of 64,957 shares, compared to its average volume of 53,597. The business has a fifty day moving average price of $26.44 and a 200 day moving average price of $24.34. One Liberty Properties has a 12 month low of $17.55 and a 12 month high of $28.80. The stock has a market cap of $585.78 million, a P/E ratio of 20.18, a P/E/G ratio of 3.23 and a beta of 1.36. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 1.35.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. The business had revenue of $21.80 million during the quarter, compared to the consensus estimate of $22.37 million. Research analysts predict that One Liberty Properties will post 1.68 EPS for the current year.

One Liberty Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.56%. The ex-dividend date of this dividend is Tuesday, September 24th. One Liberty Properties’s dividend payout ratio (DPR) is presently 132.35%.

Insider Activity

In other news, SVP Jeffrey Gould sold 9,000 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total value of $207,180.00. Following the completion of the sale, the senior vice president now owns 387,813 shares in the company, valued at $8,927,455.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Justin Clair sold 3,125 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the transaction, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Gould sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total value of $207,180.00. Following the sale, the senior vice president now owns 387,813 shares of the company’s stock, valued at approximately $8,927,455.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,914 shares of company stock valued at $617,032. Company insiders own 25.40% of the company’s stock.

Institutional Investors Weigh In On One Liberty Properties

Institutional investors have recently modified their holdings of the business. Fortis Group Advisors LLC grew its holdings in shares of One Liberty Properties by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 1,268 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 634 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in One Liberty Properties during the 1st quarter valued at approximately $68,000. BNP Paribas Financial Markets grew its stake in One Liberty Properties by 68.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,746 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 3,157 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in One Liberty Properties in the first quarter worth $219,000. Finally, Vanguard Group Inc. increased its position in One Liberty Properties by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust’s stock worth $39,912,000 after buying an additional 10,490 shares during the period. Institutional investors own 36.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OLP. B. Riley raised their price target on shares of One Liberty Properties from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. StockNews.com raised shares of One Liberty Properties from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

About One Liberty Properties

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.