One Liberty Properties, Inc. (OLP) To Go Ex-Dividend on September 24th

One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Shareholders of record on Tuesday, September 24th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, October 2nd. This represents a $1.80 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Tuesday, September 24th.

One Liberty Properties has a payout ratio of 333.3% meaning 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 $1.71 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 105.3%.

One Liberty Properties Stock Down 1.5 %

Shares of NYSE OLP opened at $27.92 on Friday. One Liberty Properties has a 52 week low of $17.55 and a 52 week high of $28.80. The business has a 50-day simple moving average of $26.25 and a two-hundred day simple moving average of $24.17. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.35. The company has a market cap of $588.16 million, a P/E ratio of 20.53, a P/E/G ratio of 3.40 and a beta of 1.36.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. The business had revenue of $21.80 million during the quarter, compared to the consensus estimate of $22.37 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. Research analysts anticipate that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their price target on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th.

Insider Activity

In other news, SVP Jeffrey Gould sold 9,000 shares of One Liberty Properties stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total transaction of $207,180.00. Following the completion of the sale, the senior vice president now owns 387,813 shares in the company, valued at approximately $8,927,455.26. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Lawrence Ricketts sold 4,756 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $24.14, for a total value of $114,809.84. Following the completion of the sale, the chief operating officer now owns 187,345 shares in the company, valued at approximately $4,522,508.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jeffrey Gould sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $23.02, for a total value of $207,180.00. Following the completion of the sale, the senior vice president now owns 387,813 shares of the company’s stock, valued at approximately $8,927,455.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,714 shares of company stock worth $709,258. 25.40% of the stock is currently owned by insiders.

One Liberty Properties Company Profile

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.