One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) 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 6.56%. The ex-dividend date of this dividend is Thursday, March 27th.
One Liberty Properties has a dividend 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 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 Performance
Shares of OLP traded up $0.85 during midday trading on Friday, reaching $27.44. 66,816 shares of the stock were exchanged, compared to its average volume of 49,165. The business's 50-day moving average price is $26.08 and its 200 day moving average price is $27.18. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.48 and a quick ratio of 2.48. One Liberty Properties has a twelve month low of $21.11 and a twelve month high of $30.45. The company has a market capitalization of $586.90 million, a price-to-earnings ratio of 16.94, a PEG ratio of 3.02 and a beta of 1.38.
Analysts Set New Price Targets
Separately, StockNews.com cut One Liberty Properties from a "buy" rating to a "hold" rating in a research report on Friday.
Read Our Latest Research Report on OLP
One Liberty Properties Company Profile
(
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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.
Further Reading
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