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.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on O. Jefferies Financial Group dropped their price target on shares of Realty Income from $81.00 to $78.00 in a research note on Thursday, June 30th. Credit Suisse Group began coverage on shares of Realty Income in a research note on Wednesday, June 22nd. They set an "outperform" rating and a $75.00 price objective on the stock. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "market perform" rating and set a $73.00 price objective on the stock. in a report on Monday, May 23rd. Capital One Financial restated an "equal weight" rating on shares of Realty Income in a report on Monday, April 25th. Finally, Morgan Stanley decreased their price objective on shares of Realty Income from $77.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, July 12th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Realty Income has an average rating of "Moderate Buy" and a consensus price target of $77.14.
Realty Income Stock Up 0.6 %
Shares of O traded up $0.44 during trading hours on Monday, reaching $73.20. The stock had a trading volume of 66,212 shares, compared to its average volume of 3,779,419. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $68.95 and a 200 day simple moving average of $68.56. Realty Income has a 12 month low of $62.28 and a 12 month high of $75.40. The company has a market capitalization of $44.04 billion, a price-to-earnings ratio of 68.64, a P/E/G ratio of 5.28 and a beta of 0.71.
Realty Income Dividend Announcement
The business also recently disclosed a aug 22 dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be paid a dividend of $0.2475 per share. The ex-dividend date is Friday, July 29th. Realty Income's dividend payout ratio (DPR) is presently 280.19%.