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

Realty Income Co. (NYSE:O) announced a feb 25 dividend on Tuesday, January 14th,RTT News reports. Shareholders of record on Monday, February 3rd will be paid 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. 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 Stock Performance

O traded up $0.72 during trading on Tuesday, reaching $53.19. 4,270,057 shares of the company’s stock were exchanged, compared to its average volume of 4,909,614. 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 has a 50 day moving average price of $55.20 and a 200 day moving average price of $58.37. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market capitalization of $46.55 billion, a P/E ratio of 50.66, a PEG ratio of 2.05 and a beta of 1.00.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays started coverage on Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price target for the company. Royal Bank of Canada decreased their price target on shares of 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 dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their target price 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. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on 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.