One Liberty Properties, Inc. (OLP) to Issue Quarterly Dividend of $0.45 on January 6th

One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors of record on Monday, December 23rd will be given a dividend of 0.45 per share by the real estate investment trust on Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date is Monday, December 23rd.

One Liberty Properties has a dividend payout ratio of 333.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

One Liberty Properties Price Performance

Shares of NYSE OLP opened at $27.47 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48. The business has a 50-day moving average of $28.32 and a 200-day moving average of $26.50. The stock has a market capitalization of $587.50 million, a price-to-earnings ratio of 16.96, a PEG ratio of 3.44 and a beta of 1.39. One Liberty Properties has a fifty-two week low of $19.25 and a fifty-two week high of $30.45.

One Liberty Properties (NYSE:OLP) last posted its quarterly earnings results on Tuesday, November 5th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.18). One Liberty Properties had a net margin of 38.96% and a return on equity of 11.35%. The company had revenue of $22.21 million during the quarter, compared to the consensus estimate of $21.89 million.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of One Liberty Properties from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

One Liberty Properties Company Profile

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial and retail properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for the property’s real estate taxes, insurance and ordinary maintenance and repairs.