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

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Wednesday, September 11th, Zacks reports. Shareholders of record on Tuesday, September 24th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, October 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Tuesday, September 24th.

One Liberty Properties has a payout ratio of 333.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Down 1.5 %

Shares of NYSE:OLP opened at $27.92 on Monday. The stock has a market cap of $588.16 million, a price-to-earnings ratio of 20.53, a PEG ratio of 3.40 and a beta of 1.36. The business’s 50 day moving average is $26.25 and its 200 day moving average is $24.19. One Liberty Properties has a 12-month low of $17.55 and a 12-month high of $28.80. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 1.35.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $21.80 million for the quarter, compared to analyst estimates of $22.37 million. One Liberty Properties had a net margin of 36.11% and a return on equity of 10.58%. On average, sell-side analysts forecast that One Liberty Properties will post 1.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price objective on One Liberty Properties from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th.

Insider Activity

In related news, EVP Justin Clair sold 3,125 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the transaction, the executive vice president now owns 39,249 shares in the company, valued at $1,045,200.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Justin Clair sold 3,125 shares of One Liberty Properties stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $26.63, for a total value of $83,218.75. Following the completion of the sale, the executive vice president now owns 39,249 shares of the company’s stock, valued at approximately $1,045,200.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jeffrey Gould sold 9,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $23.02, for a total transaction of $207,180.00. Following the sale, the senior vice president now directly owns 387,813 shares in the company, valued at $8,927,455.26. The disclosure for this sale can be found here. Insiders sold 25,914 shares of company stock valued at $617,032 in the last three months. Company insiders own 25.40% of the company’s stock.

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.