One Liberty Properties, Inc. (OLP) To Go Ex-Dividend on September 28th

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.45 per share by the real estate investment trust on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, September 28th.

One Liberty Properties has a dividend payout ratio of 339.6% indicating that 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 $1.79 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 100.6%.

One Liberty Properties Stock Performance

Shares of OLP opened at $22.99 on Friday. The firm has a fifty day moving average of $24.23 and a 200-day moving average of $23.67. The company has a market cap of $503.46 million, a price-to-earnings ratio of 14.46 and a beta of 0.86. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.62 and a current ratio of 1.62. One Liberty Properties has a 1 year low of $19.62 and a 1 year high of $25.88.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $27.00 million for the quarter, compared to analysts’ expectations of $26.78 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. As a group, equities analysts anticipate that One Liberty Properties will post 1.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OLP shares. B. Riley Financial increased their target price on One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a report on Tuesday, June 9th. Zacks Research raised One Liberty Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded One Liberty Properties from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, One Liberty Properties has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties in the United States. The company primarily invests in properties subject to long-term, net leases, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.

Its portfolio has historically included industrial, retail, office, health and fitness, and other commercial properties.