Realty Income Co. (NYSE:O) Announces $0.27 Mar 25 Dividend

Realty Income Co. (NYSE:O) declared a mar 25 dividend on Wednesday, February 19th,RTT News reports. Investors 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.

Realty Income has decreased its dividend by an average of 3.6% per year over the last three years. Realty Income has a payout ratio of 191.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $3.17 annual dividend with an expected future payout ratio of 73.4%.

Realty Income Trading Up 0.8 %

Shares of NYSE:O opened at $55.70 on Thursday. The firm has a fifty day moving average of $53.85 and a two-hundred day moving average of $58.10. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a market capitalization of $48.74 billion, a P/E ratio of 53.04, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. 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 report on Wednesday, January 8th. UBS Group reduced their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Barclays reduced their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.21.

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.