Realty Income Corp Announces Mar 18 Dividend of $0.22 (NYSE:O)

Realty Income Corp (NYSE:O) announced a mar 18 dividend on Friday, February 16th, RTT News reports. Stockholders of record on Thursday, March 1st will be given a dividend of 0.219 per share by the real estate investment trust on Thursday, March 15th. This represents a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, February 28th.

Realty Income has increased its dividend by an average of 4.9% annually over the last three years and has raised its dividend every year for the last 22 years. Realty Income has a payout ratio of 91.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Realty Income to earn $3.27 per share next year, which means the company should continue to be able to cover its $2.63 annual dividend with an expected future payout ratio of 80.4%.

Shares of Realty Income (O) opened at $51.45 on Wednesday. Realty Income has a 12-month low of $47.25 and a 12-month high of $62.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $14,620.00, a P/E ratio of 46.77, a PEG ratio of 3.87 and a beta of 0.22.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.44. Realty Income had a return on equity of 5.11% and a net margin of 26.22%. The company had revenue of $298.90 million during the quarter, compared to analysts’ expectations of $301.53 million. During the same period in the prior year, the business earned $0.33 earnings per share. Realty Income’s revenue for the quarter was up 8.6% compared to the same quarter last year. sell-side analysts anticipate that Realty Income will post 3.16 EPS for the current fiscal year.

Several brokerages recently commented on O. Mizuho reaffirmed a “hold” rating and issued a $53.00 target price on shares of Realty Income in a research report on Friday, March 2nd. Stifel Nicolaus reduced their target price on Realty Income from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. B. Riley set a $56.00 target price on Realty Income and gave the stock a “hold” rating in a research report on Thursday, February 22nd. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a research report on Monday, November 20th. Finally, Raymond James Financial raised Realty Income from an “underperform” rating to a “market perform” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $62.08.

In other Realty Income news, EVP Benjamin N. Fox sold 2,276 shares of Realty Income stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $50.39, for a total transaction of $114,687.64. Following the completion of the transaction, the executive vice president now directly owns 17,531 shares of the company’s stock, valued at $883,387.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

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Realty Income Company Profile

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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