Realty Income Co. (NYSE:O) Raises Dividend to $0.27 Per Share

Realty Income Co. (NYSE:O - Get Free Report) announced a apr 25 dividend on Wednesday, March 12th, RTT News reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.2685 per share by the real estate investment trust on Tuesday, April 15th. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a 0.2% increase from Realty Income's previous apr 25 dividend of $0.27.

Realty Income has decreased its dividend payment by an average of 3.6% per year over the last three years. Realty Income has a dividend payout ratio of 196.3% 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 $4.32 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 Stock Up 1.7 %

NYSE O traded up $0.93 during mid-day trading on Friday, reaching $56.79. The stock had a trading volume of 6,364,522 shares, compared to its average volume of 5,319,233. Realty Income has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market cap of $50.63 billion, a PE ratio of 54.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a fifty day moving average price of $55.11 and a 200 day moving average price of $57.69. 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 (NYSE:O - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, research analysts expect that Realty Income will post 4.19 earnings per share for the current year.

Institutional Trading of Realty Income

A hedge fund recently raised its stake in Realty Income stock. Brighton Jones LLC raised its position in Realty Income Co. (NYSE:O - Free Report) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,101 shares of the real estate investment trust's stock after purchasing an additional 615 shares during the quarter. Brighton Jones LLC's holdings in Realty Income were worth $326,000 as of its most recent SEC filing. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on O. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price for the company. Scotiabank reduced their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $62.04.

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.