Realty Income Co. (NYSE:O) Declares $0.27 Apr 25 Dividend

Realty Income Co. (NYSE:O) announced a apr 25 dividend on Wednesday, March 12th, RTT News reports. Stockholders of record on Tuesday, April 1st will be given a dividend of 0.2685 per share by the real estate investment trust on Tuesday, April 15th.

Realty Income has decreased its dividend payment by an average of 3.6% per year over the last three years. Realty Income has a payout ratio of 192.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Down 0.6 %

O stock opened at $56.39 on Thursday. The company has a market cap of $50.27 billion, a PE ratio of 53.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The business has a 50-day simple moving average of $54.97 and a 200 day simple moving average of $57.77. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. 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 announced its 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 company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Sell-side analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada dropped their price objective on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Finally, Barclays raised their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $62.04.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Realty Income stock. Brighton Jones LLC boosted its position in shares of Realty Income Co. (NYSE:O) by 11.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,101 shares of the real estate investment trust’s stock after acquiring an additional 615 shares during the quarter. Brighton Jones LLC’s holdings in Realty Income were worth $326,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

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.