Realty Income Co. Announces Aug 24 Dividend of $0.26 (NYSE:O)

Realty Income Co. (NYSE:O) announced a aug 24 dividend on Tuesday, July 9th, RTT News reports. Stockholders of record on Thursday, August 1st will be paid a dividend of 0.263 per share by the real estate investment trust on Thursday, August 15th.

Realty Income has increased its dividend payment by an average of 3.0% per year over the last three years and has raised its dividend every year for the last 32 years. Realty Income has a payout ratio of 202.6% meaning 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 $4.36 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 72.5%.

Realty Income Stock Down 0.8 %

NYSE:O traded down $0.40 during trading hours on Tuesday, hitting $52.76. 3,597,161 shares of the company’s stock traded hands, compared to its average volume of 6,290,124. The firm has a market cap of $45.94 billion, a P/E ratio of 48.96, a P/E/G ratio of 4.62 and a beta of 0.96. Realty Income has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock’s fifty day moving average price is $53.50 and its two-hundred day moving average price is $53.92.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. On average, research analysts expect that Realty Income will post 4.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on O shares. Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. KeyCorp started coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. UBS Group cut their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Scotiabank upped their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target of $61.35.

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.