Realty Income Corporation (NYSE:O) Plans Monthly Dividend of $0.27

Realty Income Corporation (NYSE:O) declared a monthly dividend on Tuesday, February 17th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.27 per share by the real estate investment trust on Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th.

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 1 consecutive years. Realty Income has a payout ratio of 214.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Realty Income to earn $4.32 per share next year, which means the company should continue to be able to cover its $3.24 annual dividend with an expected future payout ratio of 75.0%.

Realty Income Stock Down 2.0%

Shares of O stock opened at $65.14 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The company has a 50 day simple moving average of $59.78 and a two-hundred day simple moving average of $58.94. The stock has a market cap of $59.93 billion, a P/E ratio of 60.78, a P/E/G ratio of 3.88 and a beta of 0.79. Realty Income has a 12 month low of $50.71 and a 12 month high of $66.74.

Institutional Investors Weigh In On Realty Income

Large investors have recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of 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 worth $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $571,000. Empowered Funds LLC raised its position in shares of Realty Income by 8.0% in 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 buying an additional 1,330 shares during the last quarter. Woodline Partners LP boosted its position 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 during the last quarter. Finally, Intech Investment Management LLC grew its stake in 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 during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

About Realty Income

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.