Realty Income Corp (NYSE:O) declared a feb 18 dividend on Tuesday, January 16th, RTT News reports. Investors of record on Thursday, February 1st will be paid a dividend of 0.219 per share by the real estate investment trust on Thursday, February 15th. This represents a yield of 0.00413675859463544%. The ex-dividend date of this dividend is Wednesday, January 31st.

Realty Income has raised its dividend by an average of 4.9% annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Realty Income has a payout ratio of 87.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Realty Income to earn $3.17 per share next year, which means the company should continue to be able to cover its $2.55 annual dividend with an expected future payout ratio of 80.4%.

Shares of Realty Income (NYSE O) traded up $0.22 on Tuesday, reaching $52.94. 2,002,363 shares of the company traded hands, compared to its average volume of 1,910,000. Realty Income has a fifty-two week low of $52.63 and a fifty-two week high of $63.60. The firm has a market capitalization of $14,920.00, a PE ratio of 43.39, a price-to-earnings-growth ratio of 4.00 and a beta of 0.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.26 and a quick ratio of 1.26.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Realty Income had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. equities research analysts predict that Realty Income will post 2.89 EPS for the current year.

Several research analysts recently commented on the stock. B. Riley restated a “neutral” rating on shares of Realty Income in a report on Wednesday, November 1st. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of Realty Income in a report on Thursday, October 26th. Vetr upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $58.60 target price for the company in a report on Monday, November 20th. Capital One Financial reiterated an “equal weight” rating on shares of Realty Income in a research note on Wednesday, October 25th. Finally, Zacks Investment Research cut shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Realty Income presently has an average rating of “Hold” and a consensus price target of $64.09.

In other news, SVP Joel Tomlinson sold 1,746 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $56.45, for a total value of $98,561.70. Following the transaction, the senior vice president now directly owns 14,913 shares of the company’s stock, valued at $841,838.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

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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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