Realty Income Co. to Issue Jun 25 Dividend of $0.27 (NYSE:O)

Realty Income Co. (NYSE:O - Get Free Report) announced a jun 25 dividend on Monday, May 12th, RTT News reports. Investors of record on Monday, June 2nd will be paid a dividend of 0.2685 per share by the real estate investment trust on Friday, June 13th. This represents a dividend yield of 5.8%. The ex-dividend date is Monday, June 2nd.

Realty Income has decreased its dividend by an average of 3.6% annually over the last three years and has raised its dividend every year for the last 1 years. Realty Income has a payout ratio of 213.2% indicating that 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 $4.32 per share next year, which means the company should continue to be able to cover its $3.22 annual dividend with an expected future payout ratio of 74.5%.

Realty Income Stock Performance

Shares of O stock traded up $0.90 during midday trading on Friday, hitting $56.30. 6,475,070 shares of the company were exchanged, compared to its average volume of 5,225,806. The firm has a market capitalization of $50.85 billion, a P/E ratio of 53.62, a PEG ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm's 50 day moving average price is $56.31 and its two-hundred day moving average price is $55.76. Realty Income has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on O shares. Royal Bank of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Barclays restated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $61.15.

Hedge Funds Weigh In On Realty Income

A number of institutional investors have recently added to or reduced their stakes in O. Brighton Jones LLC increased its position in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC bought a new position in Realty Income during the fourth quarter worth $571,000. Empowered Funds LLC boosted its stake in Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock worth $1,041,000 after acquiring an additional 1,330 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock worth $4,289,000 after acquiring an additional 21,603 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.