Realty Income Corp to Issue Feb 20 Dividend of $0.23 (NYSE:O)

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.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.51). Realty Income had a net margin of 27.30% and a return on equity of 4.61%. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $369.86 million. During the same quarter last year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that Realty Income will post 3.27 earnings per share for the current fiscal year.

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.

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Dividend History for Realty Income (NYSE:O)

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