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

Realty Income Corporation (NYSE:O) declared a monthly dividend on Thursday, May 14th. Investors of record on Friday, May 29th will be given a dividend of 0.2705 per share by the real estate investment trust on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th.

Realty Income has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 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 analysts expect Realty Income to earn $4.59 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 70.6%.

Realty Income Trading Up 0.7%

NYSE:O opened at $61.94 on Friday. The stock’s 50 day moving average price is $63.08 and its 200 day moving average price is $60.86. The company has a market capitalization of $57.76 billion, a PE ratio of 50.77, a P/E/G ratio of 4.83 and a beta of 0.75. 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 $54.52 and a 52-week high of $67.93.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.06 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts anticipate that Realty Income will post 4.42 EPS for the current year.

Insider Activity at Realty Income

In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of Realty Income

Several hedge funds have recently modified their holdings of O. Norges Bank acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $558,775,000. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock valued at $9,102,107,000 after buying an additional 3,594,127 shares during the period. Morgan Stanley lifted its holdings in shares of Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after buying an additional 3,252,091 shares during the period. Deutsche Bank AG lifted its holdings in shares of Realty Income by 45.1% in the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after buying an additional 1,554,726 shares during the period. Finally, State Street Corp lifted its holdings in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after buying an additional 1,295,936 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.