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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.45 per share by the real estate investment trust on Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.91%.

One Liberty Properties has a payout ratio of 327.3% 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 Up 0.4 %

NYSE:OLP opened at $26.07 on Thursday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 2.48 and a current ratio of 2.48. The company has a market cap of $557.45 million, a PE ratio of 16.09, a PEG ratio of 3.02 and a beta of 1.39. One Liberty Properties has a 52-week low of $20.50 and a 52-week high of $30.45. The stock has a 50-day simple moving average of $26.10 and a 200 day simple moving average of $27.17.

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 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.