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

One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Tuesday, June 9th. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Thursday, 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 research analysts expect One Liberty Properties to earn $1.76 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 102.3%.

One Liberty Properties Stock Performance

Shares of OLP stock opened at $24.49 on Wednesday. The stock’s 50-day moving average is $23.03 and its two-hundred day moving average is $22.16. The firm has a market cap of $534.42 million, a price-to-earnings ratio of 19.29 and a beta of 0.90. One Liberty Properties has a 1 year low of $19.62 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.22. The company had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million. One Liberty Properties had a return on equity of 9.13% and a net margin of 27.19%. Analysts predict that One Liberty Properties will post 1.71 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.