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

One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Tuesday, June 9th. Investors of record on Thursday, June 25th will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Thursday, June 25th.

One Liberty Properties has a payout ratio of 339.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect One Liberty Properties to earn $1.76 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 102.3%.

One Liberty Properties Trading Up 1.3%

OLP opened at $24.49 on Wednesday. One Liberty Properties has a one year low of $19.62 and a one year high of $25.90. The stock has a market capitalization of $534.42 million, a PE ratio of 19.29 and a beta of 0.90. The business’s 50 day moving average price is $23.03 and its 200 day moving average price is $22.16. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.22. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%.The company had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $26.77 million. As a group, equities research analysts expect that One Liberty Properties will post 1.71 EPS for the current year.

One Liberty Properties Company Profile

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.