One Liberty Properties, Inc. (OLP) to Issue Quarterly Dividend of $0.45 on July 9th

One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Tuesday, June 9th. Investors of record on Thursday, June 25th will be given a dividend of 0.45 per share by the real estate investment trust on Thursday, July 9th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Thursday, June 25th.

One Liberty Properties has a dividend 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. Equities analysts expect One Liberty Properties to earn $1.76 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 102.3%.

One Liberty Properties Stock Up 1.0%

OLP stock opened at $24.68 on Thursday. The company has a fifty day moving average price of $23.09 and a 200 day moving average price of $22.19. One Liberty Properties has a 12 month low of $19.62 and a 12 month high of $25.78. The company has a market cap of $538.43 million, a price-to-earnings ratio of 19.43 and a beta of 0.90. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.95 and a quick ratio of 1.95.

One Liberty Properties (NYSE:OLP) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.22. One Liberty Properties had a net margin of 27.19% and a return on equity of 9.13%. The company had revenue of $28.29 million for the quarter, compared to analysts’ expectations of $26.77 million. Sell-side analysts expect that One Liberty Properties will post 1.71 earnings per share for the current year.

Insider Activity

In related news, COO Lawrence Ricketts sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $22.64, for a total value of $113,200.00. Following the transaction, the chief operating officer owned 183,021 shares in the company, valued at approximately $4,143,595.44. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Justin Clair sold 2,676 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $23.36, for a total transaction of $62,511.36. Following the completion of the transaction, the executive vice president owned 33,074 shares in the company, valued at $772,608.64. The trade was a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,167 shares of company stock worth $392,614. Insiders own 25.80% of the company’s stock.

Institutional Trading of One Liberty Properties

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in shares of One Liberty Properties by 7.8% during the first quarter. Bank of America Corp DE now owns 35,551 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 2,586 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of One Liberty Properties by 31.3% during the first quarter. Quantinno Capital Management LP now owns 96,336 shares of the real estate investment trust’s stock worth $2,067,000 after buying an additional 22,961 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of One Liberty Properties by 227.8% during the first quarter. Public Employees Retirement System of Ohio now owns 20,934 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 14,548 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of One Liberty Properties by 29.7% during the first quarter. PNC Financial Services Group Inc. now owns 14,044 shares of the real estate investment trust’s stock worth $301,000 after buying an additional 3,219 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of One Liberty Properties by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 233,957 shares of the real estate investment trust’s stock worth $5,021,000 after buying an additional 1,246 shares in the last quarter. Institutional investors and hedge funds own 36.24% of the company’s stock.

About One Liberty Properties

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty’s strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.