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

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, August 18th. Investors 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 dividend yield of 5.2%. The ex-dividend date is Monday, August 31st.

Realty Income has increased its dividend payment by an average of 0.0%per year over the last three years and has raised 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 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 Price Performance

Shares of Realty Income stock opened at $62.30 on Wednesday. The stock has a 50 day moving average of $63.14 and a 200 day moving average of $63.13. Realty Income has a 12 month low of $55.86 and a 12 month high of $67.93. The firm has a market cap of $58.95 billion, a PE ratio of 45.47, a PEG 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 (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, research analysts expect that Realty Income will post 4.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on O shares. Barclays reduced their price target on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a report on Monday, April 27th. Finally, Mizuho reduced their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Moderate Buy” and a consensus price target 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.