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

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, June 9th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.271 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 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 raised its dividend annually for the last 1 consecutive years. Realty Income has a dividend payout ratio of 214.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Realty Income to earn $4.58 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 70.7%.

Realty Income Trading Up 1.9%

Shares of NYSE:O opened at $61.13 on Wednesday. The company has a market capitalization of $57.01 billion, a PE ratio of 50.11, a P/E/G ratio of 4.69 and a beta of 0.72. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income has a 12-month low of $55.86 and a 12-month high of $67.93. The business’s fifty day simple moving average is $62.38 and its 200-day simple moving average is $61.35.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $1.06 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities research analysts predict that Realty Income will post 4.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research note on Monday, April 27th. Scotiabank reaffirmed an “outperform” rating on shares of Realty Income in a research report on Tuesday, May 12th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, UBS Group raised Realty Income to a “hold” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $67.46.

Realty Income Company Profile

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.