One Liberty Properties, Inc. (NYSE:OLP – Get Free Report) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Monday, September 28th will be paid a dividend of 0.45 per share by the real estate investment trust on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Monday, September 28th.
One Liberty Properties has a payout ratio of 339.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect One Liberty Properties to earn $1.79 per share next year, which means the company may not be able to cover its $1.80 annual dividend with an expected future payout ratio of 100.6%.
One Liberty Properties Stock Down 0.4%
OLP opened at $22.96 on Thursday. The firm has a 50 day moving average price of $24.26 and a 200 day moving average price of $23.68. The company has a market cap of $502.93 million, a PE ratio of 14.44 and a beta of 0.86. One Liberty Properties has a 1 year low of $19.62 and a 1 year high of $25.88. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, July 1st. B. Riley Financial upped their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded One Liberty Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, One Liberty Properties has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.
Check Out Our Latest Stock Report on One Liberty Properties
One Liberty Properties Company Profile
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties in the United States. The company primarily invests in properties subject to long-term, net leases, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.
Its portfolio has historically included industrial, retail, office, health and fitness, and other commercial properties.
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