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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a 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

One Liberty Properties stock opened at $28.87 on Friday. The firm has a market capitalization of $617.53 million, a P/E ratio of 17.82, a PEG ratio of 3.47 and a beta of 1.39. One Liberty Properties has a one year low of $19.25 and a one year 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. The business has a fifty day moving average price of $28.22 and a 200-day moving average price of $26.36.

One Liberty Properties (NYSE:OLP) last issued its earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.18). The company had revenue of $22.21 million during 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%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research note 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.