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

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be given 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 is Friday, February 27th.

Realty Income has raised 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% 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 $3.24 annual dividend with an expected future payout ratio of 75.0%.

Realty Income Stock Performance

Shares of NYSE:O opened at $65.14 on Wednesday. The business’s 50 day moving average price is $59.78 and its 200-day moving average price is $58.94. Realty Income has a 1 year low of $50.71 and a 1 year high of $66.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $59.93 billion, a PE ratio of 60.78, a P/E/G ratio of 3.88 and a beta of 0.79.

Hedge Funds Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in the business. EFG International AG purchased a new stake in Realty Income during the fourth quarter valued at about $26,000. Stance Capital LLC purchased a new stake in shares of Realty Income during the third quarter worth $27,000. Evolution Wealth Management Inc. boosted its holdings in shares of Realty Income by 257.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares during the period. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income during the third quarter valued at about $29,000. Finally, Quattro Advisors LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $29,000. Institutional investors 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.