One Liberty Properties, Inc. Plans Quarterly Dividend of $0.45 (NYSE:OLP)

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be given a dividend of 0.45 per share by the real estate investment trust on Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Monday, December 23rd.

One Liberty Properties has a payout ratio of 333.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

One Liberty Properties Trading Down 1.3 %

Shares of OLP traded down $0.38 during mid-day trading on Friday, reaching $28.87. 87,099 shares of the company’s stock traded hands, compared to its average volume of 51,811. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48. The stock’s 50-day moving average is $28.22 and its two-hundred day moving average is $26.36. One Liberty Properties has a 12 month low of $19.25 and a 12 month high of $30.45. The stock has a market cap of $617.53 million, a P/E ratio of 17.82, a P/E/G ratio of 3.47 and a beta of 1.39.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%. The company had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th.

One Liberty Properties Company Profile

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 and retail 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.