Realty Income Corp (NYSE:O) had declared a cash dividend of $0.1990 on Apr 11, 2016. The shares will quote ex-dividend on Apr 28, 2016 and the record date has been fixed on May 2, 2016. At Apr 11, 2016 share price, the yield comes out to be 3.7905%. The dividend payable date has been fixed on May 16, 2016.
In a different note, On Feb 24, 2016, JP Morgan said it Maintains its rating on Realty Income Corp. In the research note, the firm Raises the price-target to $51.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 16, 2016, Wunderlich said it Downgrades its rating on Realty Income Corp. The shares have been rated ‘Sell’ by the firm. On Feb 11, 2016, Oppenheimer said it Maintains its rating on Realty Income Corp. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 11, 2016, Stifel Nicolaus said it Maintains its rating on Realty Income Corp. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 2, 2016, Morgan Stanley said it Upgrades its rating on Realty Income Corp. The shares have been rated ‘Equal-weight’ by the firm.
Realty Income Corp (O) made into the market gainers list on Fridays trading session with the shares advancing 0.54% or 0.34 points. Due to strong positive momentum, the stock ended at $63.01, which is also near the day’s high of $63.08. The stock began the session at $62.67 and the volume stood at 11,47,259 shares. The 52-week high of the shares is $63.92 and the 52 week low is $43.15. The company has a current market capitalization of $15,786 M and it has 25,05,38,260 shares in outstanding.
Realty Income Corp(O) last announced its earnings results on Feb 10, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $263.67M. Analysts had an estimated revenue of $265.32M. Earnings per share were $0.68. Analysts had estimated an EPS of $0.69.
Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Paul M Meurer (Exec. VP, CFO and Treasurer) sold 3,175 shares at $60.28 per share price.Also, On Feb 19, 2016, Michael R Pfeiffer (Executive VP, GC and Secretary) sold 10,804 shares at $59.76 per share price.On Feb 19, 2016, Ronald Merriman (director) sold 4,262 shares at $59.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Realty Income Corporation is a real estate company. As of December 31 2014 the Company owned 4327 properties with approximately 4257 properties leased and 70 properties available for lease. The Company leased to approximately 234 different commercial tenants doing business in 47 separate industries. The properties are located in 49 states and Puerto Rico with over 70 million square feet of leasable space and with an average leasable space per property of approximately 16350 square feet including approximately 11290 square feet per retail property and approximately 196800 square feet per industrial and distribution property. The Company has approximately 4308 single-tenant properties and 19 multi-tenant properties. The Company has grouped its tenants into 48 activity segments.