One Liberty Properties, Inc. (NYSE:OLP) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 122,400 shares, a decrease of 16.1% from the September 15th total of 145,900 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 38,700 shares, the days-to-cover ratio is presently 3.2 days.
Large investors have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC bought a new position in shares of One Liberty Properties during the 2nd quarter worth approximately $213,000. Nisa Investment Advisors LLC boosted its holdings in shares of One Liberty Properties by 52.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,237 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 772 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of One Liberty Properties by 26.8% during the 2nd quarter. Bessemer Group Inc. now owns 51,100 shares of the real estate investment trust’s stock worth $1,480,000 after buying an additional 10,800 shares in the last quarter. Eidelman Virant Capital bought a new position in shares of One Liberty Properties during the 2nd quarter worth approximately $215,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of One Liberty Properties by 20.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,972 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 994 shares in the last quarter. 42.32% of the stock is owned by institutional investors and hedge funds.
OLP has been the subject of a number of recent analyst reports. B. Riley increased their target price on shares of One Liberty Properties from $27.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. ValuEngine downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Friday, July 12th.
NYSE:OLP opened at $28.01 on Tuesday. The company has a market capitalization of $556.04 million, a PE ratio of 13.15 and a beta of 0.73. The company has a 50 day simple moving average of $27.62 and a two-hundred day simple moving average of $28.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.70 and a current ratio of 1.70. One Liberty Properties has a fifty-two week low of $23.02 and a fifty-two week high of $31.78.
One Liberty Properties (NYSE:OLP) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The firm had revenue of $20.72 million for the quarter, compared to analyst estimates of $21.46 million. One Liberty Properties had a net margin of 22.49% and a return on equity of 6.15%. Research analysts predict that One Liberty Properties will post 1.76 EPS for the current year.
The company also recently announced a — dividend, which was paid on Thursday, October 10th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.45 per share. This represents a yield of 6.4%. The ex-dividend date was Tuesday, September 24th. One Liberty Properties’s dividend payout ratio is presently 84.51%.
One Liberty Properties Company Profile
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties. Many of these properties are subject to long term net leases under which the tenant is typically responsible for the property's real estate taxes, insurance and ordinary maintenance and repairs.
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