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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Thursday, March 5th. Stockholders of record on Friday, March 27th will be given a dividend of 0.45 per share by the real estate investment trust on Monday, April 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, March 27th.

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. 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 Trading Down 0.8%

Shares of OLP stock opened at $23.71 on Friday. One Liberty Properties has a 12-month low of $19.62 and a 12-month high of $28.35. The company has a market capitalization of $513.32 million, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.95. The firm has a 50 day moving average price of $21.89 and a two-hundred day moving average price of $21.61. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.50.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Wednesday, March 4th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.37). The business had revenue of $24.74 million during the quarter, compared to analyst estimates of $24.21 million. One Liberty Properties had a net margin of 34.87% and a return on equity of 10.99%. As a group, analysts predict that One Liberty Properties will post 1.68 earnings per share for the current year.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.