Realty Income Corp Plans Feb 13 Dividend of $0.18 (O)
Realty Income Corp (NYSE:O) declared a feb 13 dividend on Tuesday, January 22nd. Shareholders of record on Friday, February 1st will be given a dividend of $0.18 per share on Friday, February 15th.
Several analysts have also recently commented on the stock. Analysts at FBR Capital raised their price target on shares of Realty Income Corp from $35.50 to $37.50 in a research note to investors on Friday, December 7th. They now have a “market perform” rating on the stock. On the ratings front, analysts at Janney Capital upgraded shares of Realty Income Corp from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 20th. They now have a $44.00 price target on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Realty Income Corp from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, November 20th.
One analyst has rated the stock with an overweight rating, eight have assigned a hold rating, and one has given a sell rating to the stock. Realty Income Corp presently has an average rating of “hold” and a consensus target price of $39.93.
Shares of Realty Income Corp (O) remained flat at $44.04 during during mid-day trading trading on Tuesday. Realty Income Corp (O) has a 52 week low of $35.55 and a 52 week high of $44.35. The stock’s 50-day moving average is currently $41.3. The company has a market cap of $5.877 billion and a P/E ratio of 48.34.
Realty Income Corp last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.52. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Realty Income Corp has set its FY12 guidance at $2.06-2.11 EPS and its FY13 guidance at $2.31-2.37 EPS. On average, analysts predict that Realty Income Corp (O) will post $2.01 earnings per share for the current fiscal year.
Realty Income Corporation is organized to operate as an equity real estate investment trust (REIT). The Company’s primary business objective is to generate dependable monthly cash distributions from a consistent and predictable level of funds from operations (FFO) per share.
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