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 Stock Performance
Shares of NYSE:O opened at $73.58 on Thursday. The business's 50 day moving average price is $69.90 and its 200-day moving average price is $68.86. The firm has a market capitalization of $44.27 billion, a PE ratio of 69.42, a P/E/G ratio of 5.43 and a beta of 0.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.90 and a quick ratio of 1.90. Realty Income has a 1 year low of $62.28 and a 1 year high of $75.40.
Realty Income Announces Dividend
The business also recently disclosed a sep 22 dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.2475 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. Realty Income's dividend payout ratio is currently 280.19%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on O shares. Jefferies Financial Group dropped their target price on Realty Income from $81.00 to $78.00 in a report on Thursday, June 30th. Credit Suisse Group began coverage on Realty Income in a research note on Wednesday, June 22nd. They issued an "outperform" rating and a $75.00 price target on the stock. StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research note on Tuesday. Morgan Stanley dropped their price target on shares of Realty Income from $77.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 12th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "market perform" rating and set a $73.00 price objective for the company. in a research note on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.14.