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

Realty Income Corporation (NYSE:O) announced a monthly dividend on Friday, November 7th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.2695 per share by the real estate investment trust on Monday, December 15th. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, November 28th.

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 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 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 $3.23 annual dividend with an expected future payout ratio of 74.8%.

Realty Income Stock Performance

Shares of NYSE:O opened at $56.73 on Wednesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $58.62 and a 200-day moving average price of $57.85. The company has a market cap of $52.18 billion, a price-to-earnings ratio of 55.07, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. Realty Income has a 12 month low of $50.71 and a 12 month high of $61.08.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts anticipate that Realty Income will post 4.19 EPS for the current year.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently added to or reduced their stakes in the stock. Trust Investment Advisors grew its stake in shares of Realty Income by 2.8% in the third quarter. Trust Investment Advisors now owns 23,088 shares of the real estate investment trust’s stock worth $1,404,000 after acquiring an additional 634 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Realty Income by 10.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 33,495 shares of the real estate investment trust’s stock worth $2,036,000 after purchasing an additional 3,209 shares in the last quarter. Capital Square LLC boosted its stake in Realty Income by 1.8% in the 3rd quarter. Capital Square LLC now owns 51,164 shares of the real estate investment trust’s stock worth $3,110,000 after purchasing an additional 886 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Realty Income during the 3rd quarter valued at about $22,252,000. Finally, First Affirmative Financial Network increased its stake in Realty Income by 13.7% during the 3rd quarter. First Affirmative Financial Network now owns 11,039 shares of the real estate investment trust’s stock valued at $671,000 after purchasing an additional 1,328 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

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.