Realty Income Co. (O) To Go Ex-Dividend on October 30th

Realty Income Co. (NYSE:O) announced a oct 20 dividend on Thursday, October 15th, RTT News reports. Stockholders of record on Monday, November 2nd will be given a dividend of 0.234 per share by the real estate investment trust on Friday, November 13th. The ex-dividend date of this dividend is Friday, October 30th.

Realty Income has increased its dividend payment by 13.1% over the last three years and has raised its dividend annually for the last 25 consecutive years.

NYSE O opened at $60.53 on Friday. The stock has a market capitalization of $20.89 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 5.69 and a beta of 0.64. Realty Income has a one year low of $38.00 and a one year high of $84.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.94 and a quick ratio of 2.94. The business’s fifty day moving average is $62.74 and its 200-day moving average is $58.28.

Realty Income (NYSE:O) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.45). The business had revenue of $414.60 million for the quarter, compared to the consensus estimate of $356.77 million. Realty Income had a return on equity of 4.89% and a net margin of 30.30%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. Research analysts expect that Realty Income will post 3.34 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Realty Income from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Royal Bank of Canada restated a “hold” rating on shares of Realty Income in a research note on Friday, August 28th. Morgan Stanley boosted their price objective on Realty Income from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. TheStreet upgraded Realty Income from a “c+” rating to a “b-” rating in a research note on Wednesday, July 1st. Finally, Mizuho boosted their price objective on Realty Income from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, September 29th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.77.

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 6,500 real estate properties owned under long-term lease agreements with commercial tenants.

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Dividend History for Realty Income (NYSE:O)

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