Realty Income Corporation (O) To Go Ex-Dividend on June 30th

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 30th will be given a dividend of 0.271 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. 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 increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Realty Income has a dividend 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. Equities 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 Stock Performance

NYSE O opened at $62.23 on Thursday. Realty Income has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a 50-day simple moving average of $62.41 and a 200 day simple moving average of $61.39. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $58.03 billion, a PE ratio of 51.00, a price-to-earnings-growth ratio of 4.79 and a beta of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $1.06 earnings per share. The firm’s quarterly revenue 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. On average, research analysts predict that Realty Income will post 4.44 EPS for the current year.

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the sale, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares during the last quarter. Pensionfund PDN bought a new stake in shares of Realty Income in the 4th quarter worth approximately $7,434,000. NEOS Investment Management LLC lifted its holdings in shares of Realty Income by 73.0% in the 3rd quarter. NEOS Investment Management LLC now owns 169,839 shares of the real estate investment trust’s stock worth $10,279,000 after acquiring an additional 71,646 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Realty Income by 28.5% in the 3rd quarter. Metis Global Partners LLC now owns 234,151 shares of the real estate investment trust’s stock worth $14,234,000 after acquiring an additional 51,947 shares during the last quarter. Finally, Danske Bank A S lifted its holdings in shares of Realty Income by 20.3% in the 4th quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock worth $32,025,000 after acquiring an additional 95,773 shares during the last quarter. 70.81% of the stock is currently owned by 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.