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

Key Points

• One Liberty Properties saw a significant decrease in short interest by 18.9%, with 132,200 shares sold short as of August 31st. This represents 0.9% of the company's total shares.
• Several institutional investors have increased their stakes, with Man Group plc boosting its investment by 184.6% to own over 71,000 shares valued at approximately $1.7 million.
• The company announced a quarterly dividend of $0.45, with an annualized yield of 7.8%, despite a high payout ratio of over 139%.

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 132,200 shares, a decline of 18.9% from the August 15th total of 163,000 shares. Approximately 0.9% of the company's shares are short sold. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 66,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.9% of the company's shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OLP. Larson Financial Group LLC increased its position in shares of One Liberty Properties by 127.5% during the first quarter. Larson Financial Group LLC now owns 1,060 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 594 shares in the last quarter. Allworth Financial LP boosted its stake in One Liberty Properties by 1,440.5% in the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,138 shares during the period. Ameritas Advisory Services LLC bought a new position in One Liberty Properties during the 2nd quarter worth about $31,000. Ameritas Investment Partners Inc. raised its stake in shares of One Liberty Properties by 43.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 568 shares during the period. Finally, Strs Ohio acquired a new stake in shares of One Liberty Properties in the 1st quarter valued at about $76,000. Institutional investors own 36.24% of the company's stock.

One Liberty Properties Trading Up 0.5%

Shares of NYSE OLP traded up $0.11 during midday trading on Monday, reaching $22.92. 66,753 shares of the stock were exchanged, compared to its average volume of 59,086. One Liberty Properties has a 12 month low of $21.94 and a 12 month high of $30.45. The company has a market capitalization of $494.99 million, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.75 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.07 and a quick ratio of 2.07. The business has a 50-day simple moving average of $23.07 and a two-hundred day simple moving average of $24.15.

One Liberty Properties (NYSE:OLP - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $24.55 million during the quarter, compared to analysts' expectations of $25.00 million. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. As a group, equities research analysts expect that One Liberty Properties will post 1.68 EPS for the current year.

One Liberty Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.9%. The ex-dividend date is Wednesday, September 24th. One Liberty Properties's dividend payout ratio (DPR) is 139.53%.

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.