Realty Income Co. (NYSE:O) to Issue Mar 25 Dividend of $0.27

Realty Income Co. (NYSE:O) announced a mar 25 dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.268 per share by the real estate investment trust on Friday, March 14th. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26.

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 192.1% meaning 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 Price Performance

Shares of O opened at $56.51 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $53.88 and its 200 day simple moving average is $58.09. Realty Income has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market cap of $49.46 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 2.06 and a beta of 1.00.

Analysts Set New Price Targets

Several research analysts have recently weighed in on O shares. Scotiabank lowered their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.