Realty Income Corp (NYSE:O) announced a sep 19 dividend on Tuesday, September 17th, RTT News reports. Investors of record on Tuesday, October 1st will be given a dividend of 0.227 per share by the real estate investment trust on Tuesday, October 15th. The ex-dividend date of this dividend is Monday, September 30th.

Realty Income has raised its dividend payment by an average of 5.0% per year over the last three years and has raised its dividend every year for the last 23 years. Realty Income has a dividend payout ratio of 85.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Realty Income to earn $3.52 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 77.3%.

O stock traded down $0.44 during trading on Wednesday, hitting $75.33. The company had a trading volume of 19,491 shares, compared to its average volume of 1,393,566. Realty Income has a fifty-two week low of $55.55 and a fifty-two week high of $76.73. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 5.70 and a beta of 0.08. The business has a 50 day moving average of $72.77 and a 200 day moving average of $71.10.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.01. Realty Income had a net margin of 27.86% and a return on equity of 4.79%. The company had revenue of $365.50 million during the quarter, compared to the consensus estimate of $344.42 million. During the same period in the prior year, the company earned $0.34 EPS. Realty Income’s revenue was up 11.1% on a year-over-year basis. As a group, equities analysts predict that Realty Income will post 3.29 EPS for the current year.

In other Realty Income news, Director A. Larry Chapman sold 8,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $75.09, for a total transaction of $600,720.00. Following the completion of the sale, the director now directly owns 14,757 shares of the company’s stock, valued at $1,108,103.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Paul M. Meurer sold 10,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $75.33, for a total transaction of $753,300.00. Following the sale, the chief financial officer now directly owns 30,468 shares of the company’s stock, valued at $2,295,154.44. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co set a $82.00 price target on shares of Realty Income and gave the company a “buy” rating in a report on Tuesday, September 3rd. Deutsche Bank assumed coverage on shares of Realty Income in a report on Tuesday, August 27th. They issued a “hold” rating and a $73.00 price target for the company. Stifel Nicolaus upped their price target on shares of Realty Income from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Morgan Stanley upped their price target on shares of Realty Income from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Tuesday. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Realty Income has an average rating of “Hold” and an average price target of $74.22.

About Realty Income

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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