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

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 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend is Monday, December 23rd.

One Liberty Properties has a 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.

One Liberty Properties Stock Up 0.3 %

OLP stock opened at $27.47 on Friday. The business’s fifty day moving average price is $28.32 and its two-hundred day moving average price is $26.50. The stock has a market capitalization of $587.50 million, a price-to-earnings ratio of 16.96, a PEG ratio of 3.44 and a beta of 1.39. One Liberty Properties has a fifty-two week low of $19.25 and a fifty-two week high of $30.45. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48.

One Liberty Properties (NYSE:OLP) last released 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). The business had revenue of $22.21 million for the quarter, compared to the consensus estimate of $21.89 million. One Liberty Properties had a return on equity of 11.35% and a net margin of 38.96%.

Wall Street Analysts Forecast Growth

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

About One Liberty Properties

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.