One Liberty Properties, Inc. (NYSE:OLP) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 93,000 shares, an increase of 14.7% from the July 31st total of 81,100 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 46,100 shares, the short-interest ratio is currently 2.0 days.
Shares of NYSE OLP traded down $0.12 during midday trading on Friday, hitting $27.86. The stock had a trading volume of 53,040 shares, compared to its average volume of 36,527. The company’s 50-day simple moving average is $27.77 and its 200 day simple moving average is $28.58. The firm has a market cap of $556.34 million, a P/E ratio of 13.08 and a beta of 0.74. One Liberty Properties has a fifty-two week low of $23.02 and a fifty-two week high of $31.78. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.70 and a quick ratio of 1.70.
One Liberty Properties (NYSE:OLP) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.29). One Liberty Properties had a net margin of 22.49% and a return on equity of 6.15%. The firm had revenue of $20.72 million during the quarter, compared to analyst estimates of $21.46 million. Equities analysts expect that One Liberty Properties will post 1.86 EPS for the current fiscal year.
Several equities research analysts recently issued reports on OLP shares. B. Riley increased their price objective on One Liberty Properties from $27.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine downgraded One Liberty Properties from a “buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research downgraded One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Friday, June 7th.
Institutional investors have recently made changes to their positions in the stock. Phocas Financial Corp. acquired a new stake in shares of One Liberty Properties during the second quarter worth $25,000. Bank of Montreal Can acquired a new stake in shares of One Liberty Properties during the second quarter worth $37,000. Tower Research Capital LLC TRC acquired a new stake in shares of One Liberty Properties during the second quarter worth $42,000. Nisa Investment Advisors LLC grew its stake in shares of One Liberty Properties by 52.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,237 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 772 shares during the period. Finally, Advisory Services Network LLC grew its stake in shares of One Liberty Properties by 19.0% during the second quarter. Advisory Services Network LLC now owns 2,500 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 400 shares during the period. 42.21% of the stock is owned by institutional investors and hedge funds.
About One Liberty Properties
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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