Realty Income Corp (NYSE:O) announced a mar 18 dividend on Friday, February 16th, RTT News reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.219 per share by the real estate investment trust on Thursday, March 15th. This represents a yield of 5.32%. The ex-dividend date of this dividend is Wednesday, February 28th.
Realty Income has raised its dividend by an average of 4.9% per year over the last three years and has increased its dividend annually for the last 22 consecutive 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 decline. 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 (NYSE O) opened at $50.60 on Tuesday. The stock has a market cap of $14,269.13, a PE ratio of 45.59, a price-to-earnings-growth ratio of 3.82 and a beta of 0.14. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.15 and a current ratio of 1.15. Realty Income has a one year low of $47.25 and a one year high of $63.60.
A number of equities research analysts have recently weighed in on O shares. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price target on shares of Realty Income in a research note on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Realty Income in a research note on Wednesday, November 1st. Vetr downgraded shares of Realty Income from a “buy” rating to a “hold” rating and set a $58.60 price target on the stock. in a research note on Monday, November 13th. Finally, Citigroup upgraded shares of Realty Income to a “market perform” rating in a research note on Wednesday, December 20th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $63.37.
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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.
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