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

Realty Income Co. (NYSE:O) announced a feb 25 dividend on Tuesday, January 14th,RTT News reports. Investors 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. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd.

Realty Income has increased its dividend payment by an average of 0.3% per year 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. Equities research analysts expect Realty Income to earn $4.33 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 73.2%.

Realty Income Stock Down 0.2 %

Shares of O opened at $53.07 on Thursday. The business’s fifty day moving average price is $55.09 and its two-hundred day moving average price is $58.37. The firm has a market capitalization of $46.45 billion, a price-to-earnings ratio of 50.54, a PEG ratio of 1.85 and a beta of 1.00. Realty Income has a 52 week low of $50.65 and a 52 week 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.

Realty Income (NYSE:O) last posted its quarterly 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). 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 during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $1.02 EPS. Realty Income’s revenue was up 28.1% on a year-over-year basis. On average, analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group cut their price target 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. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Royal Bank of Canada lowered their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company 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.