Realty Income Corp (NYSE:O) announced a jan 17 dividend on Tuesday, December 12th, RTT News reports. Investors of record on Tuesday, January 2nd will be given a dividend of 0.2125 per share by the real estate investment trust on Friday, January 12th. The ex-dividend date is Friday, December 29th.

Realty Income has increased its dividend payment by an average of 3.7% annually over the last three years and has increased its dividend every year for the last 21 years. Realty Income has a payout ratio of 85.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Realty Income 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 (NYSE:O) traded up $0.32 during mid-day trading on Tuesday, reaching $55.74. 1,500,242 shares of the company traded hands, compared to its average volume of 1,753,829. The firm has a market capitalization of $15,661.63, a P/E ratio of 18.16, a P/E/G ratio of 4.56 and a beta of 0.29. Realty Income has a 1-year low of $52.85 and a 1-year high of $63.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.78.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $306.90 million during the quarter, compared to the consensus estimate of $292.73 million. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. sell-side analysts expect that Realty Income will post 2.98 EPS for the current fiscal year.

In other Realty Income news, Director Gregory Mclaughlin sold 3,200 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now owns 15,986 shares in the company, valued at approximately $940,776.10. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Joel Tomlinson sold 1,746 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $56.45, for a total value of $98,561.70. Following the sale, the senior vice president now owns 14,913 shares in the company, valued at approximately $841,838.85. The disclosure for this sale can be found here. Insiders sold a total of 10,549 shares of company stock valued at $593,646 over the last three months. 0.30% of the stock is owned by corporate insiders.

Several equities research analysts recently weighed in on O shares. Vetr raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 price objective for the company in a report on Monday, November 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Realty Income in a report on Wednesday, November 1st. Capital One Financial reissued an “equal weight” rating on shares of Realty Income in a report on Wednesday, October 25th. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Realty Income in a report on Wednesday, November 1st. Finally, FBR & Co set a $56.00 price target on shares of Realty Income and gave the company a “hold” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.09.

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About Realty Income

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 (NYSE:O)

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