One Liberty Properties, Inc. (NYSE:OLP) Short Interest Down 24.7% in January

One Liberty Properties, Inc. (NYSE:OLP) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 212,544 shares, a drop of 24.7% from the January 15th total of 282,321 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 77,976 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 77,976 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of One Liberty Properties in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

One Liberty Properties Price Performance

Shares of NYSE OLP traded up $0.03 during mid-day trading on Friday, reaching $22.77. The company had a trading volume of 63,536 shares, compared to its average volume of 75,217. The firm has a market cap of $492.99 million, a price-to-earnings ratio of 14.79, a PEG ratio of 2.69 and a beta of 0.98. The business’s 50-day simple moving average is $21.15 and its 200 day simple moving average is $21.53. One Liberty Properties has a one year low of $19.62 and a one year high of $28.35. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.92 and a current ratio of 1.92.

One Liberty Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd were given a $0.45 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.80 annualized dividend and a dividend yield of 7.9%. One Liberty Properties’s payout ratio is presently 116.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of One Liberty Properties by 11.1% in the second quarter. Geode Capital Management LLC now owns 522,344 shares of the real estate investment trust’s stock worth $12,465,000 after acquiring an additional 52,252 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of One Liberty Properties by 56.1% during the 2nd 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 purchasing an additional 25,020 shares during the last quarter. PNC Financial Services Group Inc. increased its position in One Liberty Properties by 87.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,972 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,781 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in One Liberty Properties in the 2nd quarter valued at approximately $803,000. Finally, Penserra Capital Management LLC lifted its stake in One Liberty Properties by 12.1% in the 2nd quarter. Penserra Capital Management LLC now owns 43,627 shares of the real estate investment trust’s stock valued at $1,040,000 after purchasing an additional 4,696 shares during the last quarter. 36.24% of the stock is owned by institutional investors.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.