One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Thursday, September 10th, Wall Street Journal reports. Shareholders of record on Monday, September 21st will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, October 29th. This represents a $1.80 annualized dividend and a yield of 9.49%. The ex-dividend date is Friday, September 18th.
One Liberty Properties has raised its dividend by 8.4% over the last three years and has increased its dividend annually for the last 1 consecutive years.
Shares of OLP stock opened at $18.96 on Wednesday. The firm’s 50-day simple moving average is $18.28 and its two-hundred day simple moving average is $17.24. One Liberty Properties has a 52 week low of $9.71 and a 52 week high of $29.00. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.59 and a current ratio of 1.59. The firm has a market cap of $387.54 million, a price-to-earnings ratio of 19.55 and a beta of 1.27.
One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.08). One Liberty Properties had a net margin of 23.58% and a return on equity of 6.95%. Analysts forecast that One Liberty Properties will post 1.65 earnings per share for the current year.
OLP has been the topic of several research reports. B. Riley boosted their price target on shares of One Liberty Properties from $16.00 to $18.00 in a research report on Friday, August 21st. ValuEngine cut shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Thursday, August 6th. Finally, Zacks Investment Research cut shares of One Liberty Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, July 14th.
About One Liberty Properties
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, retail, restaurant, health and fitness, and theater 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.
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