Realty Income Corp (O) Declares May 19 Dividend of $0.23

Realty Income Corp (NYSE:O) announced a may 19 dividend on Tuesday, April 16th, RTT News reports. Investors of record on Wednesday, May 1st will be given a dividend of 0.226 per share by the real estate investment trust on Wednesday, May 15th. The ex-dividend date of this dividend is Tuesday, April 30th.

Realty Income has raised its dividend by an average of 5.0% annually over the last three years and has raised its dividend every year for the last 23 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 decline. Equities analysts expect Realty Income to earn $3.41 per share next year, which means the company should continue to be able to cover its $2.71 annual dividend with an expected future payout ratio of 79.5%.

Realty Income stock opened at $69.34 on Wednesday. Realty Income has a 52 week low of $48.80 and a 52 week high of $74.14. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $21.07 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 5.20 and a beta of 0.19.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 20th. The real estate investment trust reported $0.79 EPS for the quarter, topping the consensus estimate of $0.31 by $0.48. Realty Income had a net margin of 27.38% and a return on equity of 4.78%. The business had revenue of $342.60 million for the quarter, compared to analyst estimates of $330.23 million. During the same period in the previous year, the firm earned $0.22 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Analysts forecast that Realty Income will post 3.27 EPS for the current fiscal year.

Several research firms recently commented on O. Stifel Nicolaus boosted their price objective on shares of Realty Income from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Wells Fargo & Co boosted their price objective on shares of Realty Income from $71.00 to $78.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. They noted that the move was a valuation call. Capital One Financial lowered shares of Realty Income from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, March 19th. Citigroup set a $70.00 target price on shares of Realty Income and gave the company a “hold” rating in a research note on Tuesday, February 26th. Finally, Zacks Investment Research downgraded shares of Realty Income from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.83.

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About Realty Income

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 5,700 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Dividend History for Realty Income (NYSE:O)

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