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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Tuesday, September 24th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, October 2nd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date is Tuesday, September 24th.

One Liberty Properties has a dividend payout ratio of 333.3% 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 $1.71 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 105.3%.

One Liberty Properties Trading Up 0.8 %

Shares of OLP stock traded up $0.21 during trading on Thursday, hitting $27.07. 5,043 shares of the stock traded hands, compared to its average volume of 52,203. The firm has a market capitalization of $570.26 million, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 3.15 and a beta of 1.36. One Liberty Properties has a 52-week low of $17.55 and a 52-week high of $27.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.98 and a quick ratio of 2.98. The firm’s fifty day moving average price is $25.60 and its 200-day moving average price is $23.78.

One Liberty Properties (NYSE:OLP) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $21.80 million for the quarter, compared to the consensus estimate of $22.37 million. One Liberty Properties had a return on equity of 10.58% and a net margin of 36.11%. As a group, research analysts forecast that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lifted their price target on shares of One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th.

Insider Buying and Selling at One Liberty Properties

In related news, EVP Justin Clair sold 3,800 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $24.27, for a total transaction of $92,226.00. Following the transaction, the executive vice president now owns 39,249 shares of the company’s stock, valued at approximately $952,573.23. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Justin Clair sold 3,800 shares of One Liberty Properties stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $24.27, for a total value of $92,226.00. Following the completion of the transaction, the executive vice president now owns 39,249 shares in the company, valued at $952,573.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey Gould sold 3,220 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $23.45, for a total transaction of $75,509.00. Following the sale, the senior vice president now owns 371,273 shares in the company, valued at $8,706,351.85. The disclosure for this sale can be found here. Insiders have sold a total of 29,714 shares of company stock valued at $709,258 over the last quarter. 25.40% of the stock is owned by company insiders.

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.