Realty Income Corporation (O) To Go Ex-Dividend on July 31st

Realty Income Corporation (NYSE:O) announced a monthly dividend on Tuesday, July 7th. Stockholders of record on Friday, July 31st will be given a dividend of 0.271 per share by the real estate investment trust on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, July 31st.

Realty Income has raised its dividend by an average of 0.0%annually over the last three years and has increased 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. 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 Up 0.5%

NYSE:O opened at $65.81 on Wednesday. The firm has a market capitalization of $61.37 billion, a P/E ratio of 53.95, a PEG ratio of 5.11 and a beta of 0.72. The company’s fifty day moving average price is $62.60 and its 200-day moving average price is $62.85. Realty Income has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities research analysts anticipate that Realty Income will post 4.45 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays lowered their target price on Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. UBS Group set a $67.00 price objective on Realty Income in a research report on Thursday, June 18th. Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group initiated coverage on shares of Realty Income in a report on Monday, June 1st. They set a “buy” rating and a $69.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $67.11.

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.