Dividends4Life: Is This 6.3%-Yielding REIT A Buy Right Now?

Is This 6.3%-Yielding REIT A Buy Right Now?

Posted by D4L | Thursday, September 27, 2018 | | 0 comments »

This company is a promising income vehicle for both income and growth investors. The REIT has a growing commercial property portfolio with a focus on industrial and retail properties. It has produced excess dividend coverage in each of the last ten quarters. Shares sell for ~13.3x Q2 2018 run-rate AFFO. An investment in the stock yields 6.3 percent.

One Liberty Properties, Inc. (OLP) is an interesting REIT income vehicle in the small-cap category. The real estate investment trust has put together a portfolio of commercial properties that produce more than enough cash to fund a generous dividend for shareholders. One Liberty Properties has a moderately low AFFO-payout ratio, suggesting that the company can maintain and grow its current dividend payout. Shares are not totally cheap, but also not overvalued yet, in my opinion. An investment in One Liberty Properties at today's price point yields 6.3 percent.

Source: Seeking Alpha

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