Realty Income Corporation (NYSE:O) declared a dec 17 dividend on Friday, November 10th, RTT News reports. Shareholders of record on Friday, December 1st will be given a dividend of 0.212 per share by the real estate investment trust on Friday, December 15th. The ex-dividend date is Thursday, November 30th.

Realty Income Corporation has raised its dividend payment by an average of 3.7% per year over the last three years and has raised its dividend annually for the last 21 consecutive years. Realty Income Corporation has a dividend payout ratio of 84.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Realty Income Corporation to earn $3.16 per share next year, which means the company should continue to be able to cover its $2.54 annual dividend with an expected future payout ratio of 80.4%.

Shares of Realty Income Corporation (O) traded up $0.01 on Friday, reaching $56.27. 1,300,743 shares of the company’s stock were exchanged, compared to its average volume of 1,767,230. Realty Income Corporation has a one year low of $52.85 and a one year high of $63.60. The firm has a market capitalization of $15,950.00, a PE ratio of 18.36, a P/E/G ratio of 4.58 and a beta of 0.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.78.

Realty Income Corporation (NYSE:O) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Realty Income Corporation had a net margin of 29.37% and a return on equity of 5.11%. The business had revenue of $306.90 million during the quarter, compared to analysts’ expectations of $292.73 million. During the same period last year, the company posted $0.72 EPS. The company’s revenue was up 10.8% on a year-over-year basis. research analysts predict that Realty Income Corporation will post 3 earnings per share for the current fiscal year.

In related news, CFO Paul M. Meurer sold 5,603 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $54.75, for a total transaction of $306,764.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory Mclaughlin sold 3,200 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $58.85, for a total transaction of $188,320.00. Following the sale, the director now directly owns 15,986 shares of the company’s stock, valued at approximately $940,776.10. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company’s stock.

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A number of research firms have recently weighed in on O. B. Riley reissued a “neutral” rating on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $65.00 target price on shares of Realty Income Corporation in a research report on Wednesday, November 1st. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of Realty Income Corporation in a research note on Wednesday, November 1st. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Realty Income Corporation in a research note on Wednesday, October 25th. Finally, FBR & Co set a $56.00 price target on Realty Income Corporation and gave the company a “hold” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Realty Income Corporation has an average rating of “Hold” and a consensus price target of $65.43.

About Realty Income Corporation

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

Dividend History for Realty Income Corporation (NYSE:O)

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