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. Shareholders 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) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th.

Realty Income has raised its dividend payment 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% meaning 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 $4.59 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 Stock Up 0.7%

Shares of Realty Income stock opened at $61.94 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income has a 52-week low of $54.52 and a 52-week high of $67.93. The company’s 50 day moving average price is $63.08 and its 200-day moving average price is $60.86. The stock has a market capitalization of $57.76 billion, a price-to-earnings ratio of 50.77, a P/E/G ratio of 4.83 and a beta of 0.75.

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

Insiders Place Their Bets

In related news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider owned 67,641 shares in the company, valued at $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ProShare Advisors LLC boosted its stake in Realty Income by 5.3% in the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock worth $186,497,000 after purchasing an additional 155,677 shares in the last quarter. Allied Investment Advisors LLC bought a new position in Realty Income in the 3rd quarter worth about $10,870,000. J. Safra Sarasin Holding AG bought a new position in Realty Income in the 3rd quarter worth about $26,175,000. Pensionfund PDN bought a new position in Realty Income in the 4th quarter worth about $7,434,000. Finally, Vanguard Group Inc. boosted its stake in Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after purchasing an additional 684,949 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.