Realty Income Corporation (NYSE:O) to Issue Monthly Dividend of $0.27

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, December 9th. Investors of record on Wednesday, December 31st will be given a dividend of 0.27 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 0.2% increase from Realty Income’s previous monthly dividend of $0.27.

Realty Income has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Realty Income has a payout ratio of 213.9% 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 $3.23 annual dividend with an expected future payout ratio of 74.8%.

Realty Income Price Performance

Shares of NYSE:O traded up $0.07 on Wednesday, reaching $57.12. The company’s stock had a trading volume of 796,630 shares, compared to its average volume of 5,555,672. The company has a 50-day simple moving average of $58.17 and a 200 day simple moving average of $57.99. Realty Income has a 52-week low of $50.71 and a 52-week high of $61.08. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $52.54 billion, a P/E ratio of 52.85, a PEG ratio of 3.60 and a beta of 0.80.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company earned $1.05 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts anticipate that Realty Income will post 4.19 EPS for the current fiscal year.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Cantor Fitzgerald dropped their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. UBS Group lifted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Barclays boosted their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Finally, Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.23.

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.