Realty Income Co. (O) To Go Ex-Dividend on March 3rd

Realty Income Co. (NYSE:O) declared a mar 25 dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.268 per share by the real estate investment trust on Friday, March 14th. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26.

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 192.1% meaning 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 $3.17 annual dividend with an expected future payout ratio of 73.4%.

Realty Income Stock Performance

Shares of Realty Income stock opened at $56.51 on Friday. The firm has a 50 day simple moving average of $53.88 and a 200 day simple moving average of $58.09. Realty Income has a fifty-two week low of $50.65 and a fifty-two week 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 firm has a market cap of $49.46 billion, a P/E ratio of 53.82, a P/E/G ratio of 2.06 and a beta of 1.00.

Analyst Upgrades and Downgrades

A number of analysts have commented on O shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays cut their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Scotiabank decreased their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.21.

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.