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

by · The Cerbat Gem

One Liberty Properties, Inc. (NYSE:OLP – Get Free Report) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Monday, December 22nd will be given a dividend of 0.45 per share by the real estate investment trust on Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date is Monday, December 22nd.

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. Equities 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 Stock Performance

Shares of One Liberty Properties stock opened at $20.52 on Wednesday. The stock has a market capitalization of $444.15 million, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.00. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.92 and a quick ratio of 1.92. The business has a 50-day moving average of $20.67 and a 200 day moving average of $22.55. One Liberty Properties has a 12 month low of $19.62 and a 12 month high of $29.60.

One Liberty Properties (NYSE:OLP – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The firm had revenue of $23.77 million during the quarter, compared to analysts’ expectations of $24.18 million. One Liberty Properties had a net margin of 34.87% and a return on equity of 10.99%. As a group, sell-side analysts forecast that One Liberty Properties will post 1.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of One Liberty Properties in a research note on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Read Our Latest Stock Report on OLP

About One Liberty Properties

(Get Free Report)

One Liberty Properties, Inc is a real estate investment trust, which engages in acquisition, ownership, and management of the geographically diversified portfolio consisting primarily of industrial, retail, restaurant, health and fitness, and theater properties, many of which are subject to long-term leases.

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