One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Thursday, December 7th, Wall Street Journal reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, January 5th. This represents a $1.80 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Thursday, December 21st. This is a positive change from One Liberty Properties’s previous quarterly dividend of $0.43.

One Liberty Properties has decreased its dividend payment by an average of 4.2% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. One Liberty Properties has a dividend payout ratio of 81.5% 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 $2.11 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 81.5%.

Shares of One Liberty Properties (OLP) traded up $0.08 during trading on Thursday, reaching $26.55. The company had a trading volume of 32,600 shares, compared to its average volume of 45,910. The stock has a market cap of $497.17, a P/E ratio of 12.98, a P/E/G ratio of 2.10 and a beta of 0.88. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.77 and a current ratio of 1.77. One Liberty Properties has a 1 year low of $21.96 and a 1 year high of $27.36.

In other news, VP Justin Clair sold 2,839 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $24.87, for a total transaction of $70,605.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Lawrence Ricketts sold 7,000 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $24.14, for a total value of $168,980.00. Following the transaction, the insider now directly owns 113,302 shares in the company, valued at approximately $2,735,110.28. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on the company. B. Riley reissued a “neutral” rating on shares of One Liberty Properties in a research note on Wednesday, November 1st. DA Davidson assumed coverage on One Liberty Properties in a research note on Monday, September 25th. They issued a “neutral” rating and a $25.00 price objective for the company. TheStreet raised One Liberty Properties from a “c+” rating to a “b-” rating in a research note on Thursday, October 5th. Zacks Investment Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, November 28th. Finally, ValuEngine raised One Liberty Properties from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. One Liberty Properties presently has a consensus rating of “Buy” and a consensus price target of $26.40.

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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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