Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
NEW YORK (
) -- The ex-dividend date for
) is tomorrow, September 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $40.95 as of 9:31 a.m. ET, the dividend yield is 4.4%.
The average volume for Realty Income has been 972,500 shares per day over the past 30 days. Realty Income has a market cap of $5.53 billion and is part of the
industry. Shares are up 16.8% year to date as of the close of trading on Tuesday.
Realty Income Corporation engages in the acquisition and ownership of commercial retail real estate properties in the United States. The company leases its retail properties primarily to regional and national retail chain store operators. The company has a P/E ratio of 42.7, below the average real estate industry P/E ratio of 45 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Realty Income as a
. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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