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.
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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