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

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.2715 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 0.2% increase from Realty Income’s previous monthly dividend of $0.27.

Realty Income has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 31 consecutive years. Realty Income has a 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. Research 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 Stock Performance

O opened at $61.02 on Wednesday. The business has a fifty day simple moving average of $63.21 and a 200-day simple moving average of $62.98. The firm has a market cap of $57.74 billion, a PE ratio of 44.54, a P/E/G ratio of 4.35 and a beta of 0.71. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income has a fifty-two week low of $55.86 and a fifty-two week high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.Realty Income’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities analysts predict that Realty Income will post 4.43 EPS for the current fiscal year.

Institutional Trading of Realty Income

Several hedge funds have recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its position in Realty Income by 0.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust’s stock worth $130,999,000 after acquiring an additional 16,546 shares during the last quarter. Keudell Morrison Wealth Management acquired a new position in Realty Income in the 4th quarter valued at $1,037,000. Bison Wealth LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $571,000. Renaissance Technologies LLC bought a new stake in shares of Realty Income in the first quarter valued at about $3,147,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in Realty Income during the second quarter worth about $17,203,000. Institutional investors own 70.81% of the company’s stock.

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.