Realty Income Corporation (NYSE:O) Announces $0.27 Monthly Dividend

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, July 7th. Investors of record on Friday, July 31st will be given a dividend of 0.271 per share by the real estate investment trust on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, July 31st.

Realty Income has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 31 years. Realty Income has a payout ratio of 215.2% 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 $4.60 per share next year, which means the company should continue to be able to cover its $3.25 annual dividend with an expected future payout ratio of 70.7%.

Realty Income Trading Up 1.3%

O opened at $64.00 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income has a 52 week low of $55.86 and a 52 week high of $67.93. The business’s 50 day moving average is $61.99 and its two-hundred day moving average is $62.03. The firm has a market cap of $59.68 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 4.93 and a beta of 0.72.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the firm posted $1.06 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts predict that Realty Income will post 4.45 EPS for the current year.

Institutional Trading of Realty Income

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Realty Income by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after purchasing an additional 684,949 shares in the last quarter. State Street Corp lifted its stake in shares of Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after purchasing an additional 531,095 shares during the period. Geode Capital Management LLC lifted its stake in shares of Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares during the period. Morgan Stanley boosted its holdings in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Realty Income by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock worth $796,457,000 after buying an additional 154,581 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.