Realty Income Co. (O) To Go Ex-Dividend on February 3rd

Realty Income Co. (NYSE:O) announced a feb 25 dividend on Tuesday, January 14th,RTT News reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.264 per share by the real estate investment trust on Friday, February 14th. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd.

Realty Income has increased its dividend by an average of 0.3% annually over the last three years. Realty Income has a dividend 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. Research analysts expect Realty Income to earn $4.33 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 73.2%.

Realty Income Stock Performance

O opened at $53.07 on Thursday. 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 $46.45 billion, a P/E ratio of 50.54, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00. The stock’s 50 day moving average price is $55.09 and its two-hundred day moving average price is $58.37. 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 (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted $1.02 EPS. The company’s revenue was up 28.1% compared to the same quarter last year. On average, equities analysts forecast that Realty Income will post 4.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on O shares. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Royal Bank of Canada lowered their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price objective 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. Twelve 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 stock has a consensus rating of “Hold” and a consensus target price of $62.50.

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.