Realty Income Co. (NYSE:O - Get Free Report) declared a jun 25 dividend on Monday, May 12th, RTT News reports. Investors of record on Monday, June 2nd will be given a dividend of 0.2685 per share by the real estate investment trust on Friday, June 13th.
Realty Income has decreased its dividend by an average of 3.6% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Realty Income has a dividend payout ratio of 213.2% 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 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 $3.22 annual dividend with an expected future payout ratio of 74.5%.
Realty Income Price Performance
Shares of Realty Income stock traded down $0.75 during midday trading on Monday, hitting $55.94. 8,765,784 shares of the company were exchanged, compared to its average volume of 5,201,030. The firm has a 50 day simple moving average of $56.55 and a 200-day simple moving average of $55.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a market cap of $50.52 billion, a P/E ratio of 53.28, a PEG ratio of 2.10 and a beta of 0.78.
Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. Research analysts forecast that Realty Income will post 4.19 earnings per share for the current year.
Wall Street Analyst Weigh In
O has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Finally, Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and a consensus target price of $61.85.
View Our Latest Analysis on O
Institutional Investors Weigh In On Realty Income
A hedge fund recently bought a new stake in Realty Income stock. Bison Wealth LLC bought a new position in shares of Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,693 shares of the real estate investment trust's stock, valued at approximately $571,000. Institutional investors and hedge funds own 70.81% of the company's stock.
About Realty Income
(
Get Free Report)
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.
Further Reading
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