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 given 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 7.8%. The ex-dividend date is Wednesday, September 24th.
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 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 Price Performance
Shares of NYSE:OLP traded up $0.13 during midday trading on Monday, hitting $23.02. The stock had a trading volume of 23,087 shares, compared to its average volume of 58,336. The company's 50-day moving average price is $23.18 and its 200-day moving average price is $24.27. The company has a market capitalization of $497.12 million, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.76 and a beta of 1.11. 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 fifty-two week low of $21.94 and a fifty-two week high of $30.45.
One Liberty Properties (NYSE:OLP - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. One Liberty Properties had a net margin of 29.85% and a return on equity of 9.26%. The business had revenue of $24.55 million during the quarter, compared to analysts' expectations of $25.00 million. As a group, equities research analysts predict that One Liberty Properties will post 1.68 EPS for the current fiscal year.
About One Liberty Properties
(
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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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