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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, April 4th. This represents a $1.80 dividend on an annualized basis and a yield of 6.98%.

One Liberty Properties has a payout ratio of 327.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 0.6 %

Shares of OLP stock traded down $0.15 during mid-day trading on Wednesday, reaching $25.81. 8,816 shares of the stock traded hands, compared to its average volume of 49,123. The company has a market cap of $551.89 million, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. The stock’s fifty day simple moving average is $26.10 and its two-hundred day simple moving average is $27.17. One Liberty Properties has a 1-year low of $20.50 and a 1-year high of $30.45.

Wall Street Analysts Forecast Growth

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

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.