Realty Income Corp. Announces Oct 13 Dividend of $0.18 (O)
Realty Income Corp. (NYSE:O) announced a oct 13 dividend on Tuesday, September 10th, American Banking and Market News reports. Investors of record on Tuesday, October 1st will be paid a dividend of $0.1819 per share on Tuesday, October 15th.
O has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Realty Income Corp. (NYSE:O) in a research note to investors on Tuesday. They set a “buy” rating on the stock. On a related note, analysts at Robert W. Baird upgraded shares of Realty Income Corp. (NYSE:O) from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 23rd. They now have a $47.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Ladenburg Thalmann cut their price target on shares of Realty Income Corp. (NYSE:O) from $54.00 to $51.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock.
One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.50.
Realty Income Corp. (NYSE:O) opened at 39.51 on Wednesday. Realty Income Corp. has a one year low of $37.33 and a one year high of $55.48. The stock has a 50-day moving average of $41.5 and a 200-day moving average of $45.28. The company has a market cap of $7.751 billion and a price-to-earnings ratio of 39.37.
Realty Income Corp. (NYSE:O) last announced its earnings results on Thursday, July 25th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.01. The company had revenue of $184.30 million for the quarter, compared to the consensus estimate of $182.17 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 63.0% on a year-over-year basis. On average, analysts predict that Realty Income Corp. will post $2.40 earnings per share for the current fiscal year.
Realty Income Corporation (NYSE:O) is an equity real estate investment trust (REIT).
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