Realty Income Co. (NYSE:O) Announces Mar 25 Dividend of $0.27

Realty Income Co. (NYSE:O) announced a mar 25 dividend on Wednesday, February 19th, RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.268 per share by the real estate investment trust on Friday, March 14th. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26.

Realty Income has decreased its dividend payment by an average of 3.6% per year over the last three years. Realty Income has a dividend payout ratio of 196.3% indicating that 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 $4.32 per share next year, which means the company should continue to be able to cover its $3.22 annual dividend with an expected future payout ratio of 74.5%.

Realty Income Stock Up 0.8 %

Realty Income stock opened at $57.03 on Friday. Realty Income has a fifty-two week low of $50.65 and a fifty-two 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. The firm has a 50 day moving average price of $54.25 and a 200 day moving average price of $57.95. The company has a market capitalization of $49.91 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Research analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

O has been the subject of several recent research reports. Barclays decreased their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their price target 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. Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Tuesday. Finally, Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.81.

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.