Realty Income Co. (NYSE:O) Plans $0.26 Jan 25 Dividend

Realty Income Co. (NYSE:O) declared a jan 25 dividend on Tuesday, December 10th,RTT News reports. Investors of record on Thursday, January 2nd will be given a dividend of 0.264 per share by the real estate investment trust on Wednesday, January 15th.

Realty Income has increased its dividend by an average of 3.0% per year over the last three years and has raised its dividend annually for the last 32 consecutive years. Realty Income has a dividend payout ratio of 207.9% 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 $4.35 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 72.6%.

Realty Income Trading Down 0.6 %

O traded down $0.35 during trading hours on Wednesday, reaching $55.43. 1,511,430 shares of the company’s stock traded hands, compared to its average volume of 5,557,407. The firm has a 50-day moving average price of $59.59 and a 200 day moving average price of $58.30. Realty Income has a 52-week low of $50.65 and a 52-week high of $64.88. 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 capitalization of $48.51 billion, a PE ratio of 53.13, a PEG ratio of 3.95 and a beta of 0.98.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm earned $1.02 EPS. Realty Income’s revenue was up 28.1% compared to the same quarter last year. As a group, sell-side analysts predict that Realty Income will post 4.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday. They issued a “hold” rating and a $62.00 target price for the company. Mizuho cut Realty Income from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $64.00 to $60.00 in a report on Thursday, November 14th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Wedbush began coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.54.

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.