One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Wednesday, September 13th, NASDAQ reports. Shareholders of record on Monday, September 25th will be paid a dividend of 0.43 per share by the real estate investment trust on Wednesday, October 4th. This represents a $1.72 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date of this dividend is Friday, September 22nd.

One Liberty Properties has decreased its dividend by an average of 4.2% annually over the last three years and has increased its dividend every year for the last 4 years. One Liberty Properties has a dividend payout ratio of 88.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect One Liberty Properties to earn $1.99 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 86.4%.

One Liberty Properties (NYSE OLP) opened at 23.91 on Thursday. The company has a market cap of $445.42 million, a PE ratio of 20.26 and a beta of 0.82. One Liberty Properties has a one year low of $21.96 and a one year high of $25.89. The firm has a 50-day moving average of $24.09 and a 200-day moving average of $23.69.

OLP has been the topic of several recent research reports. BidaskClub lowered shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. FBR & Co started coverage on shares of One Liberty Properties in a research report on Monday, July 24th. They issued a “mkt perform” rating and a $25.50 price target on the stock. Finally, ValuEngine upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.75.

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In related news, VP Justin Clair sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $24.06, for a total transaction of $50,526.00. Following the completion of the sale, the vice president now directly owns 33,305 shares of the company’s stock, valued at $801,318.30. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lawrence Ricketts sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $23.57, for a total transaction of $117,850.00. Following the sale, the insider now directly owns 98,007 shares of the company’s stock, valued at $2,310,024.99. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.

Dividend History for One Liberty Properties (NYSE:OLP)

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