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

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) declared a quarterly dividend on Thursday, June 5th, RTT News reports. Investors of record on Wednesday, June 25th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, July 9th. This represents a $1.80 dividend on an annualized basis and a yield of 7.34%.

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. 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 Down 0.6%

NYSE:OLP traded down $0.14 on Thursday, hitting $24.53. 31,534 shares of the company's stock were exchanged, compared to its average volume of 53,585. The company has a market cap of $529.77 million, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 3.02 and a beta of 1.14. The firm has a 50-day moving average price of $24.22 and a 200-day moving average price of $25.99. One Liberty Properties has a 52 week low of $22.32 and a 52 week 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.

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

Insider Activity

In other news, EVP Justin Clair sold 3,324 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $25.10, for a total value of $83,432.40. Following the sale, the executive vice president now owns 35,750 shares of the company's stock, valued at $897,325. The trade was a 8.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 25.80% of the company's stock.

Institutional Investors Weigh In On One Liberty Properties

A hedge fund recently bought a new stake in One Liberty Properties stock. Strs Ohio bought a new position in One Liberty Properties, Inc. (NYSE:OLP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.