Realty Income Corporation (O) To Go Ex-Dividend on May 29th

Realty Income Corporation (NYSE:O) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, May 29th will be given a dividend of 0.2705 per share by the real estate investment trust on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th.

Realty Income has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 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. Equities research analysts expect Realty Income to earn $4.59 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 70.6%.

Realty Income Stock Performance

Realty Income stock opened at $61.15 on Friday. The company has a 50 day moving average price of $62.99 and a 200-day moving average price of $60.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income has a fifty-two week low of $54.64 and a fifty-two week high of $67.93. The company has a market capitalization of $57.02 billion, a PE ratio of 50.12, a P/E/G ratio of 4.87 and a beta of 0.75.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities analysts forecast that Realty Income will post 4.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research note on Monday, April 27th. Mizuho reduced their price objective on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday. Scotiabank reissued an “outperform” rating on shares of Realty Income in a research note on Tuesday. Finally, Evercore reissued a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.35.

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.