One Liberty Properties Given New $38.00 Price Target at Cowen and Company (OLP)
Investment analysts at Cowen and Company lowered their price objective on shares of One Liberty Properties (NYSE:OLP) from $43.00 to $38.00 in a note issued to investors on Thursday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective suggests a potential upside of 74.31% from the company’s current price.
Separately, analysts at Compass Point cut their price target on shares of One Liberty Properties (NYSE:OLP) from $25.00 to $23.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock.
Shares of One Liberty Properties (NYSE:OLP) traded down 0.73% during mid-day trading on Thursday, hitting $21.80. 28,052 shares of the company’s stock traded hands. One Liberty Properties has a one year low of $17.52 and a one year high of $27.74. The stock has a 50-day moving average of $22.22 and a 200-day moving average of $22.9. The company has a market cap of $339.3 million and a price-to-earnings ratio of 9.76.
One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.08. The company had revenue of $12.23 million for the quarter, compared to the consensus estimate of $12.10 million. Analysts expect that One Liberty Properties will post $1.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 4th. Shareholders of record on Wednesday, September 25th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Monday, September 23rd.
One Liberty Properties, Inc (NYSE:OLP) is a self-administered and self-managed real estate investment trust (REIT).
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