One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) was the recipient of a significant decline in short interest during the month of 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 short sold. Based on an average daily volume of 52,800 shares, the days-to-cover ratio is currently 2.2 days.
Analyst Ratings Changes
Separately, StockNews.com raised One Liberty Properties from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th.
Check Out Our Latest Research Report on OLP
One Liberty Properties Stock Performance
Shares of NYSE OLP traded up $0.33 during midday trading on Thursday, hitting $26.06. 39,338 shares of the stock traded hands, compared to its average volume of 59,414. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. One Liberty Properties has a one year low of $19.25 and a one year high of $30.45. The firm has a market capitalization of $557.38 million, a P/E ratio of 16.09, a PEG ratio of 2.94 and a beta of 1.40. The firm has a 50-day moving average of $28.03 and a two-hundred day moving average of $26.90.
One Liberty Properties (NYSE:OLP - Get Free Report) last released its earnings results 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 analysts' expectations of $21.89 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. On average, equities analysts forecast that One Liberty Properties will post 1.68 EPS for the current fiscal year.
One Liberty Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a yield of 6.91%. One Liberty Properties's dividend payout ratio is currently 111.11%.
Institutional Investors Weigh In On One Liberty Properties
A number of hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in One Liberty Properties by 310.8% during the 3rd quarter. Barclays PLC now owns 24,606 shares of the real estate investment trust's stock valued at $678,000 after buying an additional 18,616 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of One Liberty Properties in the third quarter valued at $201,000. Franklin Resources Inc. grew its holdings in shares of One Liberty Properties by 4.6% in the third quarter. Franklin Resources Inc. now owns 9,964 shares of the real estate investment trust's stock valued at $268,000 after purchasing an additional 440 shares in the last quarter. Geode Capital Management LLC raised its stake in One Liberty Properties by 4.0% during the third quarter. Geode Capital Management LLC now owns 458,454 shares of the real estate investment trust's stock valued at $12,628,000 after purchasing an additional 17,651 shares in the last quarter. Finally, State Street Corp lifted its position in One Liberty Properties by 3.3% during the third quarter. State Street Corp now owns 488,250 shares of the real estate investment trust's stock valued at $13,660,000 after purchasing an additional 15,770 shares during the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.
One Liberty Properties Company Profile
(
Get Free Report)
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.
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