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

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, August 18th. Shareholders of record on Monday, August 31st will be given a dividend of 0.271 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, August 31st.

Realty Income has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 31 years. Realty Income has a dividend 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 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 Trading Down 0.2%

Shares of O opened at $62.30 on Wednesday. The company’s fifty day simple moving average is $63.14 and its 200-day simple moving average is $63.13. The company has a market cap of $58.95 billion, a P/E ratio of 45.47, a P/E/G ratio of 4.46 and a beta of 0.71. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income has a twelve month low of $55.86 and a twelve month high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, analysts expect that Realty Income will post 4.43 EPS for the current year.

Analyst Upgrades and Downgrades

O has been the subject of several recent analyst reports. Mizuho dropped their target price on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Scotiabank reduced their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Jefferies Financial Group initiated coverage on Realty Income in a research note on Monday, June 1st. They set a “buy” rating and a $69.00 price target for the company. Morgan Stanley set a $67.00 price objective on Realty Income in a report on Monday, April 27th. Finally, Huntington started coverage on Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.42.

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.