Realty Income Co. (NYSE:O) Announces $0.26 Feb 25 Dividend

Realty Income Co. (NYSE:O) declared a feb 25 dividend on Tuesday, January 14th,RTT News reports. Shareholders of record on Monday, February 3rd will be paid a dividend of 0.264 per share by the real estate investment trust on Friday, February 14th.

Realty Income has increased its dividend by an average of 0.3% per year over the last three years. Realty Income has a payout ratio of 191.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Realty Income to earn $4.34 per share next year, which means the company should continue to be able to cover its $3.17 annual dividend with an expected future payout ratio of 73.0%.

Realty Income Trading Up 1.4 %

Shares of Realty Income stock opened at $53.19 on Wednesday. The company’s 50-day moving average price is $55.09 and its 200-day moving average price is $58.37. The company has a market cap of $46.55 billion, a price-to-earnings ratio of 50.66, a PEG ratio of 2.05 and a beta of 1.00. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.02 earnings per share. On average, equities analysts expect that Realty Income will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

O has been the topic of a number of recent analyst reports. Barclays started coverage on shares of Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price on the stock. UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.50.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.