Realty Income Corporation (O) to Issue Monthly Dividend of $0.27 on March 13th

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, February 17th. Investors of record on Friday, February 27th will be paid 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 increased its dividend payment by an average of 0.0%per year over the last three years and has raised 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. 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 Trading Down 1.8%

Shares of O traded down $1.18 during trading on Wednesday, reaching $65.34. 1,134,504 shares of the company traded hands, compared to its average volume of 6,474,371. The stock has a 50-day simple moving average of $60.64 and a 200-day simple moving average of $59.25. The stock has a market cap of $60.11 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 3.94 and a beta of 0.79. Realty Income has a twelve month low of $50.71 and a twelve month high of $67.15. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.76). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Hedge Funds Weigh In On Realty Income

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in O. Norges Bank purchased a new stake in Realty Income in the 2nd quarter worth about $676,500,000. Vanguard Group Inc. lifted its position in shares of Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after purchasing an additional 3,252,091 shares during the period. Geode Capital Management LLC grew its position in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Realty Income by 420.0% in the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares in the last quarter. Institutional investors and hedge funds 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.