One Liberty Properties, Inc. (OLP) to Issue Quarterly Dividend of $0.45 on July 9th

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 yield of 7.5%. The ex-dividend date 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. Analysts expect One Liberty Properties to earn $1.78 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 101.1%.

One Liberty Properties Price Performance

One Liberty Properties stock opened at $23.99 on Tuesday. The stock has a market capitalization of $523.46 million, a price-to-earnings ratio of 18.89 and a beta of 0.90. One Liberty Properties has a 52-week low of $19.62 and a 52-week high of $25.51. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.95 and a current ratio of 1.95. The stock’s 50 day moving average price is $23.43 and its two-hundred day moving average price is $22.39.

One Liberty Properties (NYSE:OLP) last issued its earnings results 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 business had revenue of $28.29 million for the quarter, compared to analyst estimates of $26.77 million. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. On average, equities analysts predict that One Liberty Properties will post 1.73 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of One Liberty Properties in a report on Tuesday, June 9th. B. Riley Financial lifted their price target on shares of One Liberty Properties from $27.50 to $28.50 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of One Liberty Properties from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.50.

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.