One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 60,700 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.7% of the shares of the stock are sold short.
Insider Activity
In other news, EVP Justin Clair sold 3,324 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $25.10, for a total transaction of $83,432.40. Following the sale, the executive vice president now owns 35,750 shares in the company, valued at approximately $897,325. This trade represents a 8.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 25.80% of the company's stock.
Hedge Funds Weigh In On One Liberty Properties
Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in One Liberty Properties by 24.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,956 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 388 shares during the last quarter. Martingale Asset Management L P grew its holdings in One Liberty Properties by 1.7% in the 4th quarter. Martingale Asset Management L P now owns 23,516 shares of the real estate investment trust's stock worth $641,000 after acquiring an additional 400 shares during the last quarter. Larson Financial Group LLC grew its holdings in One Liberty Properties by 127.5% in the 1st 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 during the last quarter. SG Americas Securities LLC grew its holdings in One Liberty Properties by 10.9% in the 4th quarter. SG Americas Securities LLC now owns 6,431 shares of the real estate investment trust's stock worth $175,000 after acquiring an additional 632 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in One Liberty Properties by 13.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 6,903 shares of the real estate investment trust's stock worth $180,000 after acquiring an additional 809 shares during the last quarter. Institutional investors own 36.24% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered shares of One Liberty Properties from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th.
Check Out Our Latest Report on OLP
One Liberty Properties Trading Up 1.2%
Shares of OLP stock traded up $0.29 on Friday, hitting $24.87. 34,780 shares of the company's stock traded hands, compared to its average volume of 53,618. 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 $22.32 and a one year high of $30.45. The company's fifty day simple moving average is $24.18 and its 200 day simple moving average is $25.97. The stock has a market capitalization of $537.11 million, a price-to-earnings ratio of 15.35, a P/E/G ratio of 3.02 and a beta of 1.12.
One Liberty Properties (NYSE:OLP - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The company had revenue of $24.17 million for the quarter, compared to analyst estimates of $24.59 million. Equities analysts forecast that One Liberty Properties will post 1.68 EPS for the current year.
One Liberty Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 25th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.24%. The ex-dividend date of this dividend is Wednesday, June 25th. One Liberty Properties's dividend payout ratio is currently 133.33%.
About One Liberty Properties
(
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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