One Liberty Properties, Inc. (NYSE:OLP) Sees Large Decrease in Short Interest

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 124,600 shares, a decrease of 16.1% from the August 31st total of 148,500 shares. Based on an average daily volume of 55,900 shares, the short-interest ratio is currently 2.2 days. Approximately 0.8% of the shares of the company are sold short.

Insider Buying and Selling

In related news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the sale, the executive vice president now directly owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Justin Clair sold 3,125 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the sale, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey Gould sold 9,000 shares of the business's stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the sale, the senior vice president now directly owns 387,813 shares in the company, valued at approximately $8,927,455.26. The disclosure for this sale can be found here. Insiders sold 25,914 shares of company stock valued at $617,032 over the last ninety days. Corporate insiders own 25.40% of the company's stock.

Hedge Funds Weigh In On One Liberty Properties

Several institutional investors have recently added to or reduced their stakes in OLP. BNP Paribas Financial Markets boosted its stake in One Liberty Properties by 68.8% in 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. Price T Rowe Associates Inc. MD increased its position in One Liberty Properties by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,077 shares of the real estate investment trust's stock worth $251,000 after purchasing an additional 580 shares during the last quarter. Bank of New York Mellon Corp raised its stake in One Liberty Properties by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 101,096 shares of the real estate investment trust's stock worth $2,374,000 after purchasing an additional 6,868 shares during the period. Vanguard Group Inc. boosted its holdings in shares of One Liberty Properties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 1,766,778 shares of the real estate investment trust's stock valued at $39,912,000 after purchasing an additional 10,490 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of One Liberty Properties during the 1st quarter valued at $219,000. 36.24% of the stock is currently owned by institutional investors and hedge funds.

One Liberty Properties Price Performance

OLP stock traded up $0.44 during 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 stock has a market cap of $585.78 million, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 3.23 and a beta of 1.36. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.98 and a current ratio of 2.98. The company's 50 day moving average price is $26.44 and its two-hundred day moving average price is $24.34. One Liberty Properties has a 1-year low of $17.55 and a 1-year high of $28.80.

One Liberty Properties (NYSE:OLP - Get Free Report) last posted its quarterly earnings data 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 net margin of 36.11% and a return on equity of 10.58%. The business had revenue of $21.80 million during the quarter, compared to analyst estimates of $22.37 million. On average, sell-side analysts forecast that One Liberty Properties will post 1.68 EPS for the current fiscal year.

One Liberty Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 24th will be issued a dividend of $0.45 per share. 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 132.35%.

Analyst Ratings Changes

OLP has been the subject of a number of research reports. StockNews.com upgraded shares of One Liberty Properties from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. B. Riley upped their target price on One Liberty Properties from $26.00 to $28.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th.

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.

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