Realty Income Corporation (NYSE:O) declared a aug 17 dividend on Thursday, August 17th, RTT News reports. Stockholders of record on Friday, September 1st will be given a dividend of 0.2115 per share by the real estate investment trust on Friday, September 15th. The ex-dividend date of this dividend is Wednesday, August 30th.

Realty Income Corporation has raised its dividend by an average of 3.7% per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Realty Income Corporation has a dividend payout ratio of 84.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Realty Income Corporation to earn $3.16 per share next year, which means the company should continue to be able to cover its $2.54 annual dividend with an expected future payout ratio of 80.4%.

Realty Income Corporation (O) traded down 0.73% on Thursday, hitting $57.19. The stock had a trading volume of 1,513,670 shares. The firm’s 50 day moving average price is $56.51 and its 200-day moving average price is $57.87. The stock has a market cap of $15.67 billion, a PE ratio of 48.92 and a beta of 0.32. Realty Income Corporation has a 12 month low of $52.72 and a 12 month high of $69.40.

Realty Income Corporation (NYSE:O) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.76 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.76. Realty Income Corporation had a net margin of 29.19% and a return on equity of 5.14%. The firm had revenue of $300.20 million for the quarter, compared to analyst estimates of $289.86 million. During the same quarter in the previous year, the company earned $0.70 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts forecast that Realty Income Corporation will post $1.19 EPS for the current year.

Several research firms have commented on O. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income Corporation in a research note on Thursday, July 27th. BidaskClub upgraded shares of Realty Income Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Canaccord Genuity began coverage on shares of Realty Income Corporation in a research note on Tuesday, July 18th. They issued a “buy” rating and a $61.00 price target for the company. Morgan Stanley boosted their price target on shares of Realty Income Corporation from $91.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Finally, FBR & Co began coverage on shares of Realty Income Corporation in a research note on Monday, July 17th. They issued a “market perform” rating and a $56.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Realty Income Corporation has an average rating of “Hold” and an average target price of $63.68.

In related news, Director Priya Cherian Huskins sold 8,000 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $56.23, for a total transaction of $449,840.00. Following the completion of the transaction, the director now owns 20,513 shares in the company, valued at $1,153,445.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

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Realty Income Corporation Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

Dividend History for Realty Income Corporation (NYSE:O)

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