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

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 given a dividend of 0.264 per share by the real estate investment trust on Friday, February 14th.

Realty Income has raised its dividend by an average of 0.3% annually 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. Equities 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 Price Performance

NYSE:O traded up $0.72 during mid-day trading on Tuesday, hitting $53.19. 4,270,057 shares of the company’s stock traded hands, compared to its average volume of 4,909,614. The company has a market cap of $46.55 billion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s 50 day simple moving average is $55.20 and its 200 day simple moving average is $58.37.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Barclays assumed coverage on shares of Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.