Realty Income Co. (NYSE:O) Announces Jul 25 Dividend of $0.27

Realty Income Co. (NYSE:O - Get Free Report) declared a jul 25 dividend on Tuesday, June 10th, RTT News reports. Investors of record on Tuesday, July 1st will be paid a dividend of 0.269 per share by the real estate investment trust on Tuesday, July 15th. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a 0.2% increase from Realty Income's previous jul 25 dividend of $0.27.

Realty Income has a dividend payout ratio of 213.2% 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 $4.32 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 Down 0.6%

Shares of O traded down $0.35 during mid-day trading on Friday, hitting $57.61. 4,810,646 shares of the company traded hands, compared to its average volume of 5,200,661. The company has a market capitalization of $52.03 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $56.28 and a 200 day moving average of $55.58. Realty Income has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Equities research analysts anticipate that Realty Income will post 4.19 EPS for the current year.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently modified their holdings of the stock. Bison Wealth LLC bought a new position in Realty Income during the 4th quarter valued at $571,000. Brighton Jones LLC increased its holdings in Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares during the last quarter. Woodline Partners LP lifted its holdings in Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock worth $4,289,000 after buying an additional 21,603 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Realty Income by 14.9% in the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust's stock worth $1,474,000 after acquiring an additional 3,290 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Realty Income by 8.0% in the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock valued at $1,041,000 after acquiring an additional 1,330 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on O. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. UBS Group cut their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Barclays reiterated an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Finally, BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $61.15.

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.