Realty Income Co. (O) to Issue Feb 25 Dividend of $0.26 on February 14th

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 yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd.

Realty Income has raised its dividend by an average of 0.3% per year over the last three years. Realty Income has a dividend payout ratio of 191.0% 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 $4.33 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 Up 0.6 %

Shares of O stock opened at $54.64 on Friday. The stock has a 50 day moving average of $54.45 and a 200-day moving average of $58.39. The firm has a market cap of $47.82 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. 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 has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $1.02 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. On average, equities analysts predict that Realty Income will post 4.19 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays started coverage on Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.04.

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.