One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, June 14th, NASDAQ reports. Shareholders of record on Monday, June 26th will be given 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 increased its dividend every year for the last 4 years. One Liberty Properties has a payout ratio of 87.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

One Liberty Properties (NYSE:OLP) traded up 1.17% during mid-day trading on Friday, reaching $24.21. 209,940 shares of the company’s stock traded hands. The stock has a 50 day moving average of $23.35 and a 200 day moving average of $23.84. One Liberty Properties has a 12-month low of $21.96 and a 12-month high of $25.89. The company has a market cap of $446.72 million, a P/E ratio of 18.03 and a beta of 0.85.

Dividend History for One Liberty Properties (NYSE:OLP)

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In related news, insider Lawrence Ricketts sold 2,000 shares of the company’s stock in a transaction on Thursday, April 6th. The shares were 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 owns 100,907 shares in the company, valued at $2,350,124.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Separately, Wunderlich reiterated a “hold” rating and issued a $24.00 price target (down from $26.00) on shares of One Liberty Properties in a research report on Thursday, May 11th.

About One Liberty Properties

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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