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

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

Realty Income has raised its dividend by an average of 3.0% per year over the last three years and has increased its dividend annually for the last 32 consecutive years. Realty Income has a payout ratio of 207.9% indicating that 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 $4.35 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 Stock Performance

Realty Income stock traded down $0.35 during midday trading on Wednesday, reaching $55.43. The stock had a trading volume of 1,511,430 shares, compared to its average volume of 5,557,407. The firm’s 50-day moving average price is $59.59 and its 200 day moving average price is $58.30. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a market capitalization of $48.51 billion, a PE ratio of 53.13, a P/E/G ratio of 3.95 and a beta of 0.98. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last issued 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 during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 EPS. As a group, research analysts predict that Realty Income will post 4.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

O has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday. They issued a “hold” rating and a $62.00 price objective for the company. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price objective for the company. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $60.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada reduced their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.54.

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.