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

Realty Income Co. (NYSE:O) declared a jun 25 dividend on Monday, May 12th, RTT News reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 0.2685 per share by the real estate investment trust on Friday, June 13th. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend is Monday, June 2nd.

Realty Income has decreased its dividend by an average of 3.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Realty Income has a payout ratio of 213.2% 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 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 Trading Down 1.6%

NYSE O opened at $55.06 on Wednesday. Realty Income has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $49.72 billion, a PE ratio of 52.44, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a fifty day moving average of $56.45 and a 200 day moving average of $55.84.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Research analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on O shares. Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. BNP Paribas lowered shares of 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. Wedbush restated a “neutral” rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Scotiabank raised their price target on Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, UBS Group dropped their price target on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and an average price target of $61.15.

Institutional Investors Weigh In On Realty Income

An institutional investor recently bought a new position in Realty Income stock. Bison Wealth LLC bought a new position in Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,693 shares of the real estate investment trust’s stock, valued at approximately $571,000. 70.81% of the stock is currently owned by institutional investors.

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.