Realty Income Corp (NYSE:O) declared a feb 18 dividend on Tuesday, January 16th, RTT News reports. Stockholders of record on Thursday, February 1st will be paid a dividend of 0.219 per share by the real estate investment trust on Thursday, February 15th. This represents a dividend yield of 0.00413675859463544%. The ex-dividend date is Wednesday, January 31st.
Realty Income has increased its dividend payment by an average of 4.9% per year over the last three years and has raised its dividend annually for the last 22 consecutive years. Realty Income has a dividend payout ratio of 87.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Realty Income to earn $3.17 per share next year, which means the company should continue to be able to cover its $2.55 annual dividend with an expected future payout ratio of 80.4%.
Shares of Realty Income (O) traded up $0.22 on Tuesday, hitting $52.94. 2,002,363 shares of the stock traded hands, compared to its average volume of 1,910,000. The company has a market capitalization of $14,920.00, a price-to-earnings ratio of 43.39, a PEG ratio of 4.00 and a beta of 0.29. Realty Income has a 52 week low of $52.63 and a 52 week high of $63.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.
Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million for the quarter, compared to analyst estimates of $292.73 million. During the same period last year, the firm earned $0.72 earnings per share. Realty Income’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts expect that Realty Income will post 2.89 EPS for the current year.
In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the transaction, the senior vice president now directly owns 14,913 shares of the company’s stock, valued at approximately $841,838.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul M. Meurer sold 5,603 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.
A number of research firms recently commented on O. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price target on the stock in a research report on Monday, November 20th. Zacks Investment Research lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. B. Riley set a $56.00 price target on shares of Realty Income and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.09.
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About Realty Income
Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.
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