Realty Income Corporation (NYSE:O - Get Free Report) declared a aug 25 dividend on Tuesday, July 8th, RTT News reports. Investors of record on Friday, August 1st will be given a dividend of 0.269 per share by the real estate investment trust on Friday, August 15th. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st.
Realty Income has a 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. 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 O traded up $0.40 during trading hours on Friday, reaching $57.33. 2,952,907 shares of the stock traded hands, compared to its average volume of 5,250,625. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income has a 52-week low of $50.71 and a 52-week high of $64.88. The company's 50-day moving average price is $56.74 and its two-hundred day moving average price is $55.85. The company has a market cap of $51.77 billion, a P/E ratio of 52.09, a price-to-earnings-growth ratio of 3.98 and a beta of 0.75.
Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. On average, analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have commented on O shares. Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Finally, Scotiabank boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income has a consensus rating of "Hold" and a consensus target price of $61.15.
Check Out Our Latest Stock Analysis on Realty Income
Hedge Funds Weigh In On Realty Income
Several hedge funds have recently added to or reduced their stakes in O. Brighton Jones LLC grew its stake in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $571,000. Empowered Funds LLC boosted its stake in shares of Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock valued at $1,041,000 after purchasing an additional 1,330 shares in the last quarter. Woodline Partners LP boosted its stake in shares of Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock valued at $4,289,000 after purchasing an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust's stock valued at $1,474,000 after acquiring an additional 3,290 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.
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.
See Also
Before you consider Realty Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.
While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
