Realty Income Corp Announces Monthly Dividend of $0.23 (NYSE:O)

Realty Income Corp (NYSE:O) announced a monthly dividend on Wednesday, November 20th, Zacks reports. Investors of record on Monday, December 2nd will be paid a dividend of 0.227 per share by the real estate investment trust on Friday, December 13th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, November 29th.

Shares of O opened at $76.73 on Wednesday. Realty Income has a 1 year low of $59.93 and a 1 year high of $82.17. The firm has a fifty day moving average of $78.57 and a 200-day moving average of $73.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.45 and a current ratio of 2.45. The company has a market cap of $24.84 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 6.14 and a beta of 0.04.

Realty Income (NYSE:O) last issued its quarterly earnings data 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 company had revenue of $374.20 million for the quarter, compared to the consensus estimate of $369.86 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Realty Income’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts predict that Realty Income will post 3.28 EPS for the current year.

In related news, Director A. Larry Chapman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. Following the completion of the sale, the director now owns 14,757 shares of the company’s stock, valued at approximately $1,108,103.13. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Paul M. Meurer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $75.33, for a total value of $753,300.00. Following the completion of the sale, the chief financial officer now directly owns 30,468 shares of the company’s stock, valued at approximately $2,295,154.44. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

O has been the topic of several recent analyst reports. Royal Bank of Canada set a $75.00 price objective on Realty Income and gave the stock a “hold” rating in a report on Friday, October 18th. Jefferies Financial Group initiated coverage on Realty Income in a report on Thursday, October 10th. They set a “buy” rating and a $99.00 price objective on the stock. Morgan Stanley boosted their price objective on Realty Income from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 17th. Deutsche Bank initiated coverage on Realty Income in a research note on Tuesday, August 27th. They set a “hold” rating and a $73.00 target price on the stock. Finally, Zacks Investment Research raised Realty Income from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $80.44.

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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