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

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, September 8th. Investors 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 yield of 5.3%. The ex-dividend date is Wednesday, September 30th. This is a 0.2% increase from Realty Income’s previous monthly dividend of $0.27.

Realty Income has increased its dividend payment by an average of 0.0%annually over the last three years and has raised 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. Equities 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 Down 0.4%

Shares of NYSE O opened at $61.02 on Wednesday. The stock has a 50-day moving average price of $63.21 and a two-hundred day moving average price of $62.98. The company has a market cap of $57.74 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 4.35 and a beta of 0.71. Realty Income has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O) last issued its 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. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, analysts forecast that Realty Income will post 4.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

O has been the topic of several research reports. Evercore set a $68.00 price target on Realty Income in a report on Friday, August 7th. Mizuho dropped their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Royal Bank Of Canada decreased their price target on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. UBS Group set a $67.00 target price on Realty Income in a research report on Thursday, June 18th. Finally, Robert W. Baird upped their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.23.

Realty Income Company Profile

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.