Realty Income Co. (NYSE:O) Plans Jan 25 Dividend of $0.26

Realty Income Co. (NYSE:O) announced a jan 25 dividend on Tuesday, December 10th,RTT News reports. Shareholders of record on Thursday, January 2nd will be given a dividend of 0.264 per share by the real estate investment trust on Wednesday, January 15th.

Realty Income has increased its dividend payment by an average of 3.0% annually over the last three years and has raised its dividend annually for the last 32 consecutive years. Realty Income has a dividend payout ratio of 207.9% 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 $4.35 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 Trading Down 1.2 %

Shares of Realty Income stock traded down $0.70 during trading on Tuesday, hitting $55.78. The stock had a trading volume of 5,076,684 shares, compared to its average volume of 5,565,760. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a 50 day simple moving average of $59.59 and a 200 day simple moving average of $58.30. 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 company has a market capitalization of $48.82 billion, a PE ratio of 53.12, a P/E/G ratio of 3.95 and a beta of 0.98.

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 the consensus estimate 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 net margin of 17.57% and a return on equity of 2.35%. Realty Income’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 earnings per share. On average, research analysts expect that Realty Income will post 4.2 EPS for the current fiscal year.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on O. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Wedbush initiated coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Royal Bank of Canada lowered their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $63.67.

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.