Realty Income Co. (NYSE:O) Raises Dividend to $0.27 Per Share

Realty Income Co. (NYSE:O - Get Free Report) announced a jul 25 dividend on Tuesday, June 10th, RTT News reports. Shareholders of record on Tuesday, July 1st will be given a dividend of 0.269 per share by the real estate investment trust on Tuesday, July 15th. This represents a dividend 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 Performance

NYSE:O traded up $0.39 on Wednesday, hitting $57.74. The company's stock had a trading volume of 4,191,459 shares, compared to its average volume of 5,558,412. Realty Income has a one year low of $50.71 and a one year high of $64.88. The firm has a market capitalization of $52.14 billion, a P/E ratio of 54.99, a price-to-earnings-growth ratio of 2.10 and a beta of 0.76. The stock has a fifty day moving average of $56.13 and a two-hundred day moving average of $55.56. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

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

Hedge Funds Weigh In On Realty Income

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

Analyst Ratings Changes

A number of research analysts recently commented on O shares. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Mizuho upped their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.