Realty Income Co. to Issue Nov 24 Dividend of $0.26 (NYSE:O)

Realty Income Co. (NYSE:O - Get Free Report) announced a nov 24 dividend on Tuesday, October 8th, RTT News reports. Stockholders of record on Friday, November 1st will be paid a dividend of 0.2635 per share by the real estate investment trust on Friday, November 15th.

Realty Income has increased its dividend payment by an average of 3.0% annually over the last three years and has increased its dividend every year for the last 32 years. Realty Income has a payout ratio of 203.9% 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 $4.35 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 72.6%.

Realty Income Stock Performance

O traded down $0.15 during trading hours on Tuesday, hitting $61.52. The stock had a trading volume of 4,441,354 shares, compared to its average volume of 5,812,158. The stock has a market cap of $53.57 billion, a PE ratio of 56.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99. Realty Income has a 1 year low of $45.03 and a 1 year high of $63.60. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. The company's fifty day simple moving average is $61.41 and its 200 day simple moving average is $56.50.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equities analysts anticipate that Realty Income will post 4.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Royal Bank of Canada lifted their price target on Realty Income from $58.00 to $64.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a "sector weight" rating on the stock. Finally, Scotiabank lifted their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.80.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company's stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company's stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

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.