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

One Liberty Properties, Inc. (NYSE:OLP) declared a quarterly dividend on Thursday, June 5th, RTT News reports. Shareholders of record on Wednesday, June 25th will be paid a dividend of 0.45 per share by the real estate investment trust on Wednesday, July 9th. This represents a $1.80 annualized dividend and a yield of 7.23%. The ex-dividend date is Wednesday, June 25th.

One Liberty Properties has a payout ratio of 339.6% indicating that 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 Trading Down 0.4%

One Liberty Properties stock opened at $24.90 on Monday. The firm’s 50-day moving average is $24.35 and its 200-day moving average is $25.61. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.79 and a current ratio of 1.79. One Liberty Properties has a 1 year low of $22.32 and a 1 year high of $30.45. The company has a market cap of $537.59 million, a P/E ratio of 18.44, a PEG ratio of 3.00 and a beta of 1.13.

One Liberty Properties (NYSE:OLP) last issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. One Liberty Properties had a net margin of 31.96% and a return on equity of 9.59%. The firm had revenue of $24.17 million for the quarter, compared to the consensus estimate of $24.59 million. On average, equities analysts expect that One Liberty Properties will post 1.68 earnings per share for the current year.

Insider Transactions at One Liberty Properties

In other One Liberty Properties news, COO Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $24.98, for a total value of $49,960.00. Following the completion of the sale, the chief operating officer now directly owns 185,106 shares in the company, valued at $4,623,947.88. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Justin Clair sold 3,324 shares of One Liberty Properties stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $25.10, for a total transaction of $83,432.40. Following the completion of the sale, the executive vice president now owns 35,750 shares of the company’s stock, valued at $897,325. This trade represents a 8.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,724 shares of company stock valued at $143,392 over the last ninety days. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of One Liberty Properties

An institutional investor recently raised its position in One Liberty Properties stock. Jane Street Group LLC raised its holdings in One Liberty Properties, Inc. (NYSE:OLP) by 172.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,468 shares of the real estate investment trust’s stock after acquiring an additional 31,313 shares during the quarter. Jane Street Group LLC owned about 0.23% of One Liberty Properties worth $1,300,000 at the end of the most recent quarter. 36.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of One Liberty Properties from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th.

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.