Realty Income Corporation (NYSE:O) Announces $0.27 Monthly Dividend
by Amy Steele · The Cerbat GemRealty Income Corporation (NYSE:O – Get Free Report) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Thursday, April 30th will be given a dividend of 0.2705 per share by the real estate investment trust on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, April 30th.
Realty Income has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Realty Income has a payout ratio of 214.6% 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 $3.24 annual dividend with an expected future payout ratio of 75.0%.
Realty Income Stock Up 0.8%
Realty Income stock opened at $63.81 on Wednesday. Realty Income has a fifty-two week low of $54.38 and a fifty-two week high of $67.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $59.50 billion, a P/E ratio of 54.54, a PEG ratio of 4.69 and a beta of 0.79. The stock has a 50-day simple moving average of $63.88 and a 200-day simple moving average of $60.35.
Realty Income (NYSE:O – Get Free Report) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Equities research analysts expect that Realty Income will post 4.19 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have recently weighed in on O shares. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Freedom Capital downgraded Realty Income from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Finally, Barclays boosted their price target on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $66.39.
Check Out Our Latest Stock Report on Realty Income
Realty Income Company Profile
Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.
Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.