Realty Income Corp (NYSE:O) announced a feb 18 dividend on Tuesday, January 16th, RTT News reports. Investors of record on Thursday, February 1st will be given a dividend of 0.219 per share by the real estate investment trust on Thursday, February 15th. This represents a 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 every year for the last 22 years. Realty Income has a 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 tumble. 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) opened at $52.94 on Wednesday. Realty Income has a twelve month low of $52.63 and a twelve month high of $63.60. The stock has a market capitalization of $14,920.00, a PE ratio of 43.39, a P/E/G ratio of 4.00 and a beta of 0.29. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78.
A number of equities analysts have weighed in on the company. Vetr raised 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 Thursday, October 19th. Zacks Investment Research downgraded Realty Income from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. FBR & Co set a $56.00 price target on Realty Income and gave the stock a “hold” rating in a research report on Thursday, October 26th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a research report on Thursday, October 26th. Finally, Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.09.
In other news, SVP Joel Tomlinson sold 1,746 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the transaction, the senior vice president now owns 14,913 shares of the company’s stock, valued at $841,838.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Meurer sold 5,603 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total value of $306,764.25. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.
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.
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