One Liberty Properties, Inc. (OLP) to Issue Quarterly Dividend of $0.45 on April 4th

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 6.78%. The ex-dividend date of this dividend is Thursday, March 27th.

One Liberty Properties has a 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 Stock Up 1.1 %

Shares of NYSE OLP opened at $26.54 on Tuesday. The company has a quick ratio of 2.48, a current ratio of 2.48 and a debt-to-equity ratio of 1.40. One Liberty Properties has a 52-week low of $21.11 and a 52-week high of $30.45. The business has a 50-day moving average price of $26.10 and a 200 day moving average price of $27.17. The stock has a market cap of $572.83 million, a PE ratio of 16.38, a price-to-earnings-growth ratio of 3.02 and a beta of 1.38.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of One Liberty Properties from a “hold” rating to a “buy” rating in a research report on Saturday, March 15th.

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.