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 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.
Realty Income Trading Up 0.4 %
Shares of O Stock opened at $72.76 on Friday. The stock has a market cap of $43.77 billion, a price-to-earnings ratio of 68.64, a PEG ratio of 5.26 and a beta of 0.71. The stock has a 50-day moving average of $68.95 and a 200-day moving average of $68.55. The company has a current ratio of 1.90, a quick ratio of 2.03 and a debt-to-equity ratio of 0.60. Realty Income has a 1-year low of $62.28 and a 1-year high of $75.40.
Realty Income (NYSE:O - Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.63). The company had revenue of $807.30 million during the quarter, compared to analyst estimates of $748.69 million. Realty Income had a net margin of 20.10% and a return on equity of 2.37%. The company's quarterly revenue was up 82.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. On average, equities research analysts forecast that Realty Income will post 3.9 earnings per share for the current year.
Realty Income Dividend Announcement
The firm also recently announced a aug 22 dividend, which will be paid on Monday, August 15th. Investors of record on Monday, August 1st will be given a dividend of $0.2475 per share. The ex-dividend date is Friday, July 29th. Realty Income's payout ratio is 280.19%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on O shares. Jefferies Financial Group reduced their price objective on Realty Income from $81.00 to $78.00 in a research report on Thursday, June 30th. StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research note on Saturday. TheStreet upgraded Realty Income from a "c+" rating to a "b" rating in a research note on Wednesday, May 4th. Credit Suisse Group started coverage on Realty Income in a research note on Wednesday, June 22nd. They issued an "outperform" rating and a $75.00 target price for the company. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "market perform" rating and set a $73.00 price target on the stock. in a report on Monday, May 23rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.14.