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 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.

One Liberty Properties Price Performance

OLP stock traded down $0.38 during trading on Friday, reaching $28.87. 87,099 shares of the company were exchanged, compared to its average volume of 51,811. The company has a market capitalization of $617.53 million, a price-to-earnings ratio of 17.82, a P/E/G ratio of 3.47 and a beta of 1.39. 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 company has a 50-day moving average of $28.22 and a two-hundred day moving average of $26.36. One Liberty Properties has a twelve month low of $19.25 and a twelve month high of $30.45.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). The firm 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.

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.