Realty Income (NYSE:O) Issues Quarterly Earnings Results

Realty Income (NYSE:O) posted its quarterly earnings results on Monday. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01), Zacks reports. Realty Income had a net margin of 17.57% and a return on equity of 2.35%.

Realty Income Stock Performance

Realty Income stock traded up $0.19 during trading hours on Monday, hitting $57.28. The stock had a trading volume of 5,251,943 shares, compared to its average volume of 4,710,715. Realty Income has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market cap of $50.13 billion, a PE ratio of 54.55, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a 50-day moving average of $53.92 and a two-hundred day moving average of $58.05. 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 Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is presently 305.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on O shares. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays reduced 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.21.

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.