Realty Income Corporation (O) to Issue Monthly Dividend of $0.27 on October 15th

Realty Income Corporation (NYSE:O) announced 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) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend 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%per year over the last three years and has raised its dividend every year for the last 31 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. 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 Price Performance

Realty Income stock opened at $60.16 on Thursday. The company has a market cap of $56.93 billion, a price-to-earnings ratio of 43.91, a PEG ratio of 4.33 and a beta of 0.71. The firm’s fifty day moving average is $63.18 and its 200 day moving average is $62.94. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income has a 52-week low of $55.86 and a 52-week high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $1.05 earnings per share. Realty Income’s quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Sell-side analysts forecast that Realty Income will post 4.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on O. Jefferies Financial Group began coverage on Realty Income in a research note on Monday, June 1st. They set a “buy” rating and a $69.00 price objective on the stock. Weiss Ratings upgraded Realty Income from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Wells Fargo & Company dropped their target price on Realty Income from $65.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Mizuho cut their target price on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Barclays decreased their price target on Realty Income from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, September 4th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.23.

About Realty Income

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.