Realty Income Corporation (O) to Issue Monthly Dividend of $0.27 on March 13th

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.27 per share by the real estate investment trust on Friday, March 13th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th.

Realty Income has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Realty Income has a dividend payout ratio of 214.6% 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 $3.24 annual dividend with an expected future payout ratio of 75.0%.

Realty Income Stock Performance

O opened at $65.12 on Thursday. The company has a market cap of $59.90 billion, a P/E ratio of 60.29, a price-to-earnings-growth ratio of 3.93 and a beta of 0.79. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $59.95 and its 200-day moving average price is $58.98. Realty Income has a 52-week low of $50.71 and a 52-week high of $66.74.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Patrick M Sweeney & Associates Inc. boosted its position in shares of Realty Income by 4.5% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 164 shares during the last quarter. CYBER HORNET ETFs LLC increased its holdings in Realty Income by 7.4% in the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 166 shares during the last quarter. Sage Private Wealth Group LLC boosted its holdings in Realty Income by 2.2% during the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 170 shares during the last quarter. Crescent Sterling Ltd. grew its position in shares of Realty Income by 4.1% during the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 176 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its position in shares of Realty Income by 10.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

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.