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

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) announced a quarterly dividend on Thursday, June 5th, RTT News reports. Shareholders of record on Wednesday, June 25th will be given a dividend of 0.45 per share by the real estate investment trust on Wednesday, July 9th. This represents a $1.80 annualized dividend and a dividend yield of 7.24%. The ex-dividend date is Wednesday, June 25th.

One Liberty Properties has a payout ratio of 339.6% indicating that 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 Trading Up 1.2%

Shares of NYSE:OLP traded up $0.29 on Friday, reaching $24.87. 34,780 shares of the company traded hands, compared to its average volume of 53,732. The business's 50-day simple moving average is $24.18 and its 200 day simple moving average is $25.93. One Liberty Properties has a 52 week low of $22.32 and a 52 week high of $30.45. The stock has a market capitalization of $537.11 million, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 3.02 and a beta of 1.12. The company has a current ratio of 2.48, a quick ratio of 2.48 and a debt-to-equity ratio of 1.40.

One Liberty Properties (NYSE:OLP - Get Free Report) last released its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $24.17 million during the quarter, compared to analyst estimates of $24.59 million. One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. As a group, equities analysts anticipate that One Liberty Properties will post 1.68 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of One Liberty Properties from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

Insiders Place Their Bets

In other One Liberty Properties news, EVP Justin Clair sold 3,324 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $25.10, for a total transaction of $83,432.40. Following the transaction, the executive vice president now directly owns 35,750 shares of the company's stock, valued at $897,325. This trade represents a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 25.80% of the company's stock.

Hedge Funds Weigh In On One Liberty Properties

An institutional investor recently bought a new position in One Liberty Properties stock. Strs Ohio bought a new stake in One Liberty Properties, Inc. (NYSE:OLP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,900 shares of the real estate investment trust's stock, valued at approximately $76,000. 36.24% of the stock is owned by institutional investors.

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.