One Liberty Properties, Inc. (NYSE:OLP) Plans $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 paid 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 dividend yield of 6.23%. 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 Price Performance

OLP stock traded down $0.38 during midday trading on Friday, reaching $28.87. The stock had a trading volume of 87,099 shares, compared to its average volume of 51,811. One Liberty Properties has a 52-week low of $19.25 and a 52-week high of $30.45. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40. The company’s fifty day simple moving average is $28.22 and its 200 day simple moving average is $26.36. The company has a market cap of $617.53 million, a price-to-earnings ratio of 17.82, a price-to-earnings-growth 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 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $22.21 million during the quarter, compared to analysts’ expectations of $21.89 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded One Liberty Properties from a “hold” rating to a “buy” rating in a 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.