Short Interest in One Liberty Properties, Inc. (NYSE:OLP) Decreases By 18.8%

One Liberty Properties, Inc. (NYSE:OLP) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 79,900 shares, a decrease of 18.8% from the January 15th total of 98,400 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 53,900 shares, the days-to-cover ratio is currently 1.5 days.

One Liberty Properties Trading Down 0.9 %

Shares of NYSE OLP traded down $0.23 during trading hours on Friday, hitting $26.02. 41,100 shares of the company traded hands, compared to its average volume of 41,358. One Liberty Properties has a 12 month low of $19.90 and a 12 month high of $30.45. The stock has a market capitalization of $556.50 million, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 3.07 and a beta of 1.39. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average price is $26.60 and its 200 day moving average price is $27.06.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 23rd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $1.80 annualized dividend and a dividend yield of 6.92%. One Liberty Properties’s dividend payout ratio (DPR) is presently 111.11%.

Institutional Investors Weigh In On One Liberty Properties

Several hedge funds and other institutional investors have recently modified their holdings of OLP. Tower Research Capital LLC TRC boosted its stake in shares of One Liberty Properties by 215.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 1,098 shares during the period. PNC Financial Services Group Inc. boosted its position 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 valued at $53,000 after buying an additional 388 shares during the period. KLP Kapitalforvaltning AS bought a new position in One Liberty Properties in the 4th quarter worth about $100,000. SG Americas Securities LLC purchased a new position in shares of One Liberty Properties during the third quarter worth approximately $160,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of One Liberty Properties during the fourth quarter valued at approximately $164,000. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

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.