Realty Income Co. Announces Mar 25 Dividend of $0.27 (NYSE:O)

Realty Income Co. (NYSE:O) announced a mar 25 dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.268 per share by the real estate investment trust on Friday, March 14th.

Realty Income has decreased its dividend payment by an average of 3.6% per year over the last three years. Realty Income has a dividend payout ratio of 191.0% indicating that 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 $4.33 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 73.2%.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.47 during midday trading on Wednesday, reaching $55.70. The company’s stock had a trading volume of 4,119,085 shares, compared to its average volume of 4,595,138. The firm has a market capitalization of $48.74 billion, a PE ratio of 53.04, a P/E/G ratio of 1.95 and a beta of 1.00. Realty Income has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a fifty day moving average of $53.84 and a 200 day moving average of $58.12. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Analyst Upgrades and Downgrades

O has been the topic of several analyst reports. Scotiabank dropped their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.21.

About Realty Income

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.