Realty Income Co. (NYSE:O) Increases Dividend to $0.27 Per Share

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. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a 0.2% increase from Realty Income’s previous apr 25 dividend of $0.27.

Realty Income has decreased its dividend by an average of 3.6% per year over the last three years. Realty Income has a dividend payout ratio of 200.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 0.8 %

Shares of NYSE:O opened at $56.61 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $50.47 billion, a P/E ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88. The company’s 50-day moving average price is $55.79 and its two-hundred day moving average price is $57.28.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, research analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on O shares. Scotiabank dropped their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. 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 report on Tuesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.04.

Institutional Investors Weigh In On Realty Income

An institutional investor recently raised its position in Realty Income stock. Brighton Jones LLC raised its holdings in Realty Income Co. (NYSE:O) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,101 shares of the real estate investment trust’s stock after buying an additional 615 shares during the period. Brighton Jones LLC’s holdings in Realty Income were worth $326,000 at the end of the most recent quarter. Institutional investors 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.