Realty Income Corp (NYSE:O) announced a may 19 dividend on Tuesday, April 16th, RTT News reports. Investors of record on Wednesday, May 1st will be paid a dividend of 0.226 per share by the real estate investment trust on Wednesday, May 15th. This represents a dividend yield of 3.96%. The ex-dividend date is Tuesday, April 30th. This is an increase from Realty Income’s previous may 19 dividend of $0.23.
Realty Income has raised its dividend by an average of 5.0% annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Realty Income has a payout ratio of 85.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Realty Income to earn $3.44 per share next year, which means the company should continue to be able to cover its $2.71 annual dividend with an expected future payout ratio of 78.8%.
Shares of NYSE:O opened at $70.58 on Monday. The stock has a market cap of $21.44 billion, a P/E ratio of 22.13, a P/E/G ratio of 5.06 and a beta of 0.19. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.80. Realty Income has a one year low of $50.24 and a one year high of $74.14.
Realty Income (NYSE:O) last announced its earnings results on Wednesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.31 by $0.48. The business had revenue of $342.60 million for the quarter, compared to the consensus estimate of $330.23 million. Realty Income had a return on equity of 4.78% and a net margin of 27.38%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS. On average, equities analysts forecast that Realty Income will post 3.29 earnings per share for the current year.
Several equities research analysts have issued reports on O shares. Citigroup set a $70.00 price objective on Realty Income and gave the stock a “hold” rating in a report on Tuesday, February 26th. Capital One Financial downgraded Realty Income from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 19th. Wells Fargo & Co boosted their price target on Realty Income from $71.00 to $78.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. They noted that the move was a valuation call. Zacks Investment Research upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Thursday, January 3rd. Finally, Stifel Nicolaus boosted their price target on Realty Income from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $61.83.
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Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
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