Realty Income Corp Declares Feb 18 Dividend of $0.22 (O)

Realty Income Corp (NYSE:O) announced a feb 18 dividend on Tuesday, January 16th, RTT News reports. Stockholders 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 dividend yield of 0.00413675859463544%. The ex-dividend date of this dividend is Wednesday, January 31st.

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 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. Equities 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 (NYSE:O) opened at $52.94 on Wednesday. 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 earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. Realty Income had a return on equity of 5.11% and a net margin of 29.37%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. sell-side analysts predict that Realty Income will post 2.89 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on O shares. B. Riley reaffirmed a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income in a research note on Thursday, October 26th. Vetr raised Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a research note on Monday, November 20th. Capital One Financial reaffirmed an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Finally, Zacks Investment Research cut Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.09.

In other Realty Income news, SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the completion of the transaction, the senior vice president now directly owns 14,913 shares of the company’s stock, valued at $841,838.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Paul M. Meurer sold 5,603 shares of the business’s stock in a transaction dated 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.

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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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