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

Key Points

• One Liberty Properties, Inc. has declared a quarterly dividend of $0.45 per share, which will be paid on October 6th to shareholders of record by September 24th, representing a 7.9% yield.
• The company has a high dividend payout ratio of 339.6%, indicating it cannot currently cover its dividend solely through earnings and relies on its balance sheet for payments.
• As of the latest trading, shares of One Liberty Properties have decreased by 0.7%, reaching a price of $22.83, amid a market cap of $493.19 million.

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) announced a quarterly dividend on Wednesday, September 10th, RTT News reports. Shareholders of record on Wednesday, September 24th will be paid a dividend of 0.45 per share by the real estate investment trust on Monday, October 6th. This represents a c) dividend on an annualized basis and a yield of 7.9%.

One Liberty Properties has a dividend 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. 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 Trading Down 0.7%

NYSE:OLP traded down $0.17 on Wednesday, reaching $22.83. 55,265 shares of the company's stock were exchanged, compared to its average volume of 62,551. The business has a fifty day moving average of $23.24 and a 200-day moving average of $24.34. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.50. One Liberty Properties has a 52-week low of $21.94 and a 52-week high of $30.45. The firm has a market capitalization of $493.19 million, a price-to-earnings ratio of 17.70 and a beta of 1.11.

One Liberty Properties (NYSE:OLP - Get Free Report) last announced its earnings results on Tuesday, August 5th. The real estate investment trust reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. The firm had revenue of $24.55 million for the quarter, compared to the consensus estimate of $25.00 million. As a group, analysts expect that One Liberty Properties will post 1.68 earnings per share for the current year.

One Liberty Properties Company Profile

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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