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

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

Realty Income has decreased its dividend by an average of 3.6% annually over the last three years. Realty Income has a payout ratio of 192.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Price Performance

Shares of NYSE:O traded down $0.32 during trading on Wednesday, hitting $56.39. 7,058,151 shares of the stock were exchanged, compared to its average volume of 5,286,200. The company has a market cap of $50.27 billion, a PE ratio of 53.70, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average price of $54.91 and a two-hundred day moving average price of $57.78. 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 earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.28 billion. On average, analysts forecast that Realty Income will post 4.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on O shares. UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus lowered their target price 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, Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.04.

Hedge Funds Weigh In On Realty Income

An institutional investor recently raised its position in Realty Income stock. Brighton Jones LLC grew its stake in Realty Income Co. (NYSE:O) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,101 shares of the real estate investment trust’s stock after purchasing an additional 615 shares during the quarter. Brighton Jones LLC’s holdings in Realty Income were worth $326,000 as of its most recent filing with the SEC. 70.81% of the stock is owned by institutional investors and hedge funds.

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.