Short Interest in One Liberty Properties, Inc. (NYSE:OLP) Grows By 32.9%

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 113,900 shares, an increase of 32.9% from the April 30th total of 85,700 shares. Approximately 0.7% of the company's stock are sold short. Based on an average daily volume of 60,700 shares, the days-to-cover ratio is presently 1.9 days.

One Liberty Properties Price Performance

Shares of OLP traded down $0.20 during mid-day trading on Wednesday, hitting $24.63. The company's stock had a trading volume of 33,600 shares, compared to its average volume of 53,541. The firm has a 50-day simple moving average of $24.28 and a 200 day simple moving average of $26.03. One Liberty Properties has a 1-year low of $22.32 and a 1-year high of $30.45. The firm has a market capitalization of $531.86 million, a P/E ratio of 15.20, a P/E/G ratio of 3.02 and a beta of 1.14. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The business had revenue of $24.17 million for the quarter, compared to analysts' expectations of $24.59 million. Analysts predict that One Liberty Properties will post 1.68 EPS for the current fiscal year.

Insider Activity

In other One Liberty Properties news, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $25.10, for a total transaction of $83,432.40. Following the completion of the sale, the executive vice president now directly owns 35,750 shares of the company's stock, valued at $897,325. The trade was a 8.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 25.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of One Liberty Properties during the 1st quarter valued at about $1,303,000. Jane Street Group LLC raised its stake in One Liberty Properties by 172.5% during the first quarter. Jane Street Group LLC now owns 49,468 shares of the real estate investment trust's stock worth $1,300,000 after acquiring an additional 31,313 shares during the period. JPMorgan Chase & Co. boosted its position in One Liberty Properties by 87.2% during the 4th quarter. JPMorgan Chase & Co. now owns 64,840 shares of the real estate investment trust's stock valued at $1,766,000 after purchasing an additional 30,204 shares during the period. Northern Trust Corp grew its position in shares of One Liberty Properties by 9.8% during the fourth quarter. Northern Trust Corp now owns 311,166 shares of the real estate investment trust's stock worth $8,476,000 after acquiring an additional 27,746 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of One Liberty Properties in the fourth quarter valued at approximately $713,000. Institutional investors and hedge funds own 36.24% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of One Liberty Properties from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

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.