One Liberty Properties, Inc. (NYSE:OLP) to Issue $0.45 Quarterly Dividend

One Liberty Properties, Inc. (NYSE:OLPGet Rating) declared a quarterly dividend on Thursday, December 8th, Wall Street Journal reports. Stockholders of record on Tuesday, December 20th will be paid a dividend of 0.45 per share by the real estate investment trust on Thursday, January 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Monday, December 19th.

One Liberty Properties has a payout ratio of 305.1% 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 $1.64 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 109.8%.

One Liberty Properties Price Performance

Shares of OLP opened at $23.40 on Friday. The firm has a market capitalization of $493.04 million, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.58 and a current ratio of 1.58. One Liberty Properties has a one year low of $20.45 and a one year high of $36.60. The stock’s fifty day moving average is $22.92 and its 200-day moving average is $24.70.

Analyst Upgrades and Downgrades

OLP has been the topic of a number of research analyst reports. StockNews.com raised One Liberty Properties from a “hold” rating to a “buy” rating in a report on Thursday, November 10th. EF Hutton Acquisition Co. I decreased their target price on One Liberty Properties from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 7th. Finally, B. Riley decreased their target price on One Liberty Properties from $27.00 to $25.00 in a research note on Monday, November 7th.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in shares of One Liberty Properties in the 1st quarter valued at $29,000. Captrust Financial Advisors acquired a new position in shares of One Liberty Properties in the 2nd quarter valued at $60,000. US Bancorp DE boosted its position in shares of One Liberty Properties by 23.3% in the 1st quarter. US Bancorp DE now owns 2,648 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 500 shares during the period. BNP Paribas Arbitrage SA boosted its position in One Liberty Properties by 33.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,553 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 1,390 shares during the period. Finally, BNP Paribas Arbitrage SNC boosted its position in One Liberty Properties by 60.8% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 8,928 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 3,375 shares during the period. Institutional investors and hedge funds own 40.98% of the company’s stock.

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.

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Dividend History for One Liberty Properties (NYSE:OLP)

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