Realty Income Corporation (O) to Issue Monthly Dividend of $0.27 on August 14th

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

Realty Income has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 31 consecutive years. Realty Income has a payout ratio of 215.2% 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 $4.60 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 Stock Down 1.2%

Shares of Realty Income stock opened at $63.24 on Thursday. 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 company has a market capitalization of $58.97 billion, a P/E ratio of 51.84, a P/E/G ratio of 4.99 and a beta of 0.72. The company has a 50 day moving average of $62.00 and a 200 day moving average of $62.07.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the firm posted $1.06 EPS. The company’s quarterly revenue 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. As a group, research analysts forecast that Realty Income will post 4.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in the stock. EFG International AG acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $26,000. Stance Capital LLC acquired a new position in Realty Income in the 3rd quarter valued at $27,000. Evolution Wealth Management Inc. raised its position in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 360 shares during the last quarter. Quattro Advisors LLC purchased a new position in Realty Income during the 4th quarter worth $29,000. Finally, Ameriflex Group Inc. lifted its stake in shares of Realty Income by 68.7% in the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.