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

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

Realty Income has increased its dividend payment by an average of 0.3% annually over the last three years. Realty Income has a dividend 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. Research 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 NYSE:O traded up $0.72 during midday trading on Tuesday, reaching $53.19. 4,277,792 shares of the company's stock were exchanged, compared to its average volume of 5,106,863. The stock has a market cap of $46.55 billion, a price-to-earnings ratio of 50.66, a P/E/G ratio of 2.05 and a beta of 1.00. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm's 50 day simple moving average is $55.09 and its two-hundred day simple moving average is $58.37. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $1.02 EPS. The firm's revenue for the quarter was up 28.1% on a year-over-year basis. As a group, sell-side analysts forecast that Realty Income will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on O. Stifel Nicolaus lowered their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Barclays initiated coverage on shares of Realty Income in a research note on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 target price for the company. Wells Fargo & Company restated an "equal weight" rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective on the stock. Finally, Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an "outperform" rating for the company in a report on Wednesday, November 6th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Realty Income currently has an average rating of "Hold" and a consensus target price 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.