Short Interest in One Liberty Properties, Inc. (NYSE:OLP) Expands By 48.0%

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 224,100 shares, an increase of 48.0% from the September 15th total of 151,400 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 66,700 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 66,700 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Trading of One Liberty Properties

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in One Liberty Properties by 11.1% during the second quarter. Geode Capital Management LLC now owns 522,344 shares of the real estate investment trust's stock valued at $12,465,000 after buying an additional 52,252 shares during the period. Man Group plc boosted its position in One Liberty Properties by 184.6% during the second quarter. Man Group plc now owns 71,397 shares of the real estate investment trust's stock valued at $1,704,000 after buying an additional 46,308 shares during the period. Raymond James Financial Inc. raised its stake in shares of One Liberty Properties by 18.9% during the second quarter. Raymond James Financial Inc. now owns 70,518 shares of the real estate investment trust's stock valued at $1,683,000 after acquiring an additional 11,210 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of One Liberty Properties by 56.1% during the second quarter. Los Angeles Capital Management LLC now owns 69,641 shares of the real estate investment trust's stock valued at $1,662,000 after acquiring an additional 25,020 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of One Liberty Properties by 4.0% during the third quarter. Exchange Traded Concepts LLC now owns 50,385 shares of the real estate investment trust's stock valued at $1,115,000 after acquiring an additional 1,952 shares during the last quarter. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

One Liberty Properties Stock Up 0.2%

Shares of NYSE:OLP opened at $20.83 on Thursday. One Liberty Properties has a 52-week low of $20.31 and a 52-week high of $30.45. The firm has a fifty day moving average of $22.36 and a 200 day moving average of $23.40. The firm has a market capitalization of $449.82 million, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.07 and a current ratio of 2.07.

One Liberty Properties (NYSE:OLP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. The company had revenue of $24.55 million during the quarter, compared to analyst estimates of $25.00 million. As a group, research analysts anticipate that One Liberty Properties will post 1.68 EPS for the current fiscal year.

One Liberty Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.6%. The ex-dividend date was Wednesday, September 24th. One Liberty Properties's dividend payout ratio is presently 139.53%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (e-)" rating on shares of One Liberty Properties in a report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, One Liberty Properties presently has a consensus rating of "Sell".

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.

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