Realty Income Co. (NYSE:O) Declares Jun 24 Dividend of $0.26

Realty Income Co. (NYSE:O - Get Free Report) announced a jun 24 dividend on Friday, May 17th, RTT News reports. Shareholders of record on Monday, June 3rd will be paid a dividend of 0.2625 per share by the real estate investment trust on Friday, June 14th.

Realty Income has raised 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 189.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Realty Income to earn $4.32 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 71.3%.

Realty Income Trading Down 0.1 %

O stock traded down $0.04 during trading on Friday, reaching $55.15. 4,270,276 shares of the stock were exchanged, compared to its average volume of 6,685,942. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $48.02 billion, a price-to-earnings ratio of 51.06, a P/E/G ratio of 5.69 and a beta of 0.92. The business has a 50 day moving average price of $53.36 and a 200-day moving average price of $54.01. Realty Income has a 1 year low of $45.03 and a 1 year high of $64.18.

Realty Income (NYSE:O - Get Free Report) last posted 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 business 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%. Realty Income's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, research analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Insider Buying and Selling at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

O has been the subject of a number of research reports. Stifel Nicolaus dropped their price objective on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. Mizuho increased their price objective on Realty Income from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Friday, May 10th. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They set a "market perform" rating and a $57.00 target price for the company. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $61.38.

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.