One Liberty Properties, Inc. (OLP) To Go Ex-Dividend on September 28th

One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Monday, September 28th will be given a dividend of $0.45 per share by the real estate investment trust on Tuesday, October 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Monday, September 28th.

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. Analysts expect One Liberty Properties to earn $1.79 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 100.6%.

One Liberty Properties Stock Up 0.1%

OLP stock opened at $22.50 on Friday. The stock has a 50-day simple moving average of $23.97 and a two-hundred day simple moving average of $23.63. The firm has a market capitalization of $492.86 million, a PE ratio of 14.15 and a beta of 0.86. One Liberty Properties has a twelve month low of $19.62 and a twelve month high of $25.88. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 1.73.

One Liberty Properties (NYSE:OLP) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The firm had revenue of $27.00 million for the quarter, compared to analysts’ expectations of $26.78 million. One Liberty Properties had a net margin of 33.51% and a return on equity of 11.52%. On average, equities analysts predict that One Liberty Properties will post 1.74 EPS for the current fiscal year.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties in the United States. The company primarily invests in properties subject to long-term, net leases, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.

Its portfolio has historically included industrial, retail, office, health and fitness, and other commercial properties.