Realty Income Corp (O) Declares $0.21 Jan 17 Dividend

Realty Income Corp (NYSE:O) announced a jan 17 dividend on Tuesday, December 12th, RTT News reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.2125 per share by the real estate investment trust on Friday, January 12th. The ex-dividend date of this dividend is Friday, December 29th.

Realty Income has raised its dividend by an average of 3.7% per year over the last three years and has increased its dividend every year for the last 21 years. Realty Income has a dividend payout ratio of 85.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Realty Income to earn $3.16 per share next year, which means the company should continue to be able to cover its $2.54 annual dividend with an expected future payout ratio of 80.4%.

Shares of Realty Income (O) traded up $1.32 on Wednesday, reaching $57.06. 1,246,240 shares of the company were exchanged, compared to its average volume of 1,753,829. Realty Income has a one year low of $52.85 and a one year high of $63.60. The company has a market cap of $15,616.55, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 4.55 and a beta of 0.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $306.90 million for the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. equities analysts predict that Realty Income will post 2.98 EPS for the current year.

In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of Realty Income stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $56.45, for a total transaction of $98,561.70. Following the completion of the sale, the senior vice president now directly owns 14,913 shares in the company, valued at approximately $841,838.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of Realty Income stock in a transaction that occurred on 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. In the last three months, insiders have sold 10,549 shares of company stock worth $593,646. 0.30% of the stock is owned by insiders.

A number of research firms have commented on O. B. Riley reissued a “neutral” rating on shares of Realty Income in a research report on Wednesday, November 1st. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective on the stock in a research report on Monday, November 20th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Realty Income currently has a consensus rating of “Hold” and a consensus target price 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.

Dividend History for Realty Income (NYSE:O)

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