Realty Income Corp (NYSE:O) declared a feb 20 dividend on Tuesday, January 14th, RTT News reports. Investors of record on Monday, February 3rd will be given a dividend of 0.2325 per share by the real estate investment trust on Friday, February 14th. The ex-dividend date is Friday, January 31st.
Realty Income has increased its dividend by an average of 4.3% per year over the last three years and has increased its dividend annually for the last 23 consecutive years. Realty Income has a payout ratio of 199.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Realty Income to earn $3.51 per share next year, which means the company should continue to be able to cover its $2.73 annual dividend with an expected future payout ratio of 77.8%.
Shares of O remained flat at $$74.96 during trading hours on Tuesday. 1,517,941 shares of the company were exchanged, compared to its average volume of 1,780,292. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.45 and a current ratio of 2.45. Realty Income has a 52 week low of $63.77 and a 52 week high of $82.17. The company’s 50-day simple moving average is $74.13 and its 200-day simple moving average is $74.43. The company has a market capitalization of $24.43 billion and a P/E ratio of 23.50.
Several analysts have commented on O shares. Morgan Stanley boosted their price target on shares of Realty Income from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 17th. Jefferies Financial Group started coverage on shares of Realty Income in a research note on Thursday, October 10th. They issued a “buy” rating and a $99.00 price target on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price target on shares of Realty Income in a research note on Sunday, December 22nd. Citigroup upgraded shares of Realty Income from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $87.00 in a research note on Thursday, December 12th. Finally, Raymond James upgraded shares of Realty Income from a “market perform” rating to an “outperform” rating and set a $79.00 price target on the stock in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $81.60.
Realty Income Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.
Featured Story: Stock Symbol
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.