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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Shareholders 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 6.91%.

One Liberty Properties has a payout ratio of 327.3% meaning 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 Stock Performance

Shares of NYSE:OLP opened at $26.07 on Thursday. The business’s fifty day moving average price is $26.10 and its two-hundred day moving average price is $27.17. 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 stock has a market capitalization of $557.45 million, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 3.02 and a beta of 1.39. One Liberty Properties has a fifty-two week low of $20.50 and a fifty-two week high of $30.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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 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.