One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Wednesday, June 14th, NASDAQ reports. Shareholders of record on Monday, June 26th will be paid a dividend of 0.43 per share by the real estate investment trust on Friday, July 7th. This represents a $1.72 annualized dividend and a yield of 7.10%. The ex-dividend date is Thursday, June 22nd.
One Liberty Properties has decreased its dividend by an average of 4.2% annually over the last three years and has raised its dividend every year for the last 4 years. One Liberty Properties has a payout ratio of 87.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Shares of One Liberty Properties (NYSE OLP) traded up 1.17% during trading on Friday, reaching $24.21. The company’s stock had a trading volume of 209,940 shares. One Liberty Properties has a 1-year low of $21.96 and a 1-year high of $25.89. The stock has a 50 day moving average of $23.35 and a 200-day moving average of $23.84. The company has a market capitalization of $446.72 million, a PE ratio of 18.03 and a beta of 0.85.
Separately, Wunderlich reaffirmed a “hold” rating and issued a $24.00 price objective (down from $26.00) on shares of One Liberty Properties in a research note on Thursday, May 11th.
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In related news, insider Lawrence Ricketts sold 2,000 shares of the business’s stock in a transaction on Thursday, April 6th. The stock was sold at an average price of $23.29, for a total transaction of $46,580.00. Following the completion of the transaction, the insider now directly owns 100,907 shares of the company’s stock, valued at approximately $2,350,124.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.
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