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

Realty Income Co. (NYSE:O - Get Free Report) announced a may 25 dividend on Tuesday, April 8th, RTT News reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.2685 per share by the real estate investment trust on Thursday, May 15th. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st.

Realty Income has decreased its dividend payment by an average of 3.6% annually over the last three years. Realty Income has a dividend payout ratio of 200.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Realty Income to earn $4.32 per share next year, which means the company should continue to be able to cover its $3.22 annual dividend with an expected future payout ratio of 74.5%.

Realty Income Trading Up 1.8 %

O traded up $0.99 on Friday, hitting $55.14. The company had a trading volume of 6,513,906 shares, compared to its average volume of 5,298,177. The company has a market cap of $49.17 billion, a PE ratio of 52.51, a PEG ratio of 2.10 and a beta of 0.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business's fifty day simple moving average is $55.87 and its 200 day simple moving average is $56.70. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities research analysts expect that Realty Income will post 4.19 EPS for the current year.

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Institutional Inflows and Outflows

A hedge fund recently raised its stake in Realty Income stock. Brighton Jones LLC lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,101 shares of the real estate investment trust's stock after purchasing an additional 615 shares during the quarter. Brighton Jones LLC's holdings in Realty Income were worth $326,000 at the end of the most recent quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Mizuho lifted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Finally, BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $62.42.

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.