Category: O

O – 614th Consecutive Common Stock Monthly Dividend Declared By Realty Income

SAN DIEGO, Aug. 17, 2021 /PRNewswire/ — Realty Income Corporation (Realty Income,NYSE: O), The Monthly Dividend Company®, today announced that its Board of Directors has declared the 614th consecutive common stock monthly dividend. The dividend amount of $0.2355 per share, representing an annualized amount of $2.826 per share, is payable on September 15, 2021 to shareholders of record as of September 1, 2021. The ex-dividend date for September’s dividend is August 31, 2021.

About Realty Income

Realty Income, The Monthly Dividend Company®, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats® index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,700 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 614 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 111 times since Realty Income’s public listing in 1994 (NYSE: O). Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

SOURCE Realty Income Corporation

Related Links

http://www.realtyincome.com

O – Realty Income Corp. (O) Gains As Market Dips: What You Should Know

In the latest trading session, Realty Income Corp. (O Free Report) closed at $71.04, marking a +0.54% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.47%.

Prior to today’s trading, shares of the real estate investment trust had gained 4.17% over the past month. This has outpaced the Finance sector’s loss of 1.09% and the S&P 500’s gain of 3.38% in that time.

Wall Street will be looking for positivity from O as it approaches its next earnings report date. This is expected to be August 2, 2021. On that day, O is projected to report earnings of $0.88 per share, which would represent year-over-year growth of 2.33%. Our most recent consensus estimate is calling for quarterly revenue of $447.69 million, up 7.97% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $1.87 billion. These totals would mark changes of +3.83% and +13.21%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for O. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.52% higher within the past month. O is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note O’s current valuation metrics, including its Forward P/E ratio of 20.07. This represents a premium compared to its industry’s average Forward P/E of 16.58.

We can also see that O currently has a PEG ratio of 4.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. O’s industry had an average PEG ratio of 3.31 as of yesterday’s close.

The REIT and Equity Trust – Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 82, putting it in the top 33% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

O – Realty Income Corp. (O) Stock Moves -1.24%: What You Should Know

In the latest trading session, Realty Income Corp. (O Free Report) closed at $68.70, marking a -1.24% move from the previous day. This change was narrower than the S&P 500’s daily loss of 1.59%.

Coming into today, shares of the real estate investment trust had gained 4.07% in the past month. In that same time, the Finance sector lost 2.3%, while the S&P 500 gained 2.53%.

Wall Street will be looking for positivity from O as it approaches its next earnings report date. This is expected to be August 2, 2021. On that day, O is projected to report earnings of $0.88 per share, which would represent year-over-year growth of 2.33%. Our most recent consensus estimate is calling for quarterly revenue of $447.69 million, up 7.97% from the year-ago period.

O’s full-year Zacks Consensus Estimates are calling for earnings of $3.52 per share and revenue of $1.87 billion. These results would represent year-over-year changes of +3.83% and +13.21%, respectively.

Investors should also note any recent changes to analyst estimates for O. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.52% higher. O is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that O has a Forward P/E ratio of 19.76 right now. For comparison, its industry has an average Forward P/E of 16.8, which means O is trading at a premium to the group.

We can also see that O currently has a PEG ratio of 4.92. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. O’s industry had an average PEG ratio of 3.33 as of yesterday’s close.

The REIT and Equity Trust – Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

O – 613th Consecutive Common Stock Monthly Dividend Declared By Realty Income

SAN DIEGO, July 13, 2021 /PRNewswire/ — Realty Income Corporation (Realty Income,NYSE: O), The Monthly Dividend Company®, today announced that its Board of Directors has declared the 613th consecutive common stock monthly dividend. The dividend amount of $0.2355 per share, representing an annualized amount of $2.826 per share, is payable on August 13, 2021 to shareholders of record as of August 2, 2021. The ex-dividend date for August’s dividend is July 30, 2021.

About Realty Income

Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,600 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 613 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 111 times since Realty Income’s public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats® index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

SOURCE Realty Income Corporation

Related Links

http://www.realtyincome.com

O – SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Realty Income Corp. – O

NEW YORK, July 6, 2021 /PRNewswire/ — Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Realty Income Corp. (“Realty” or the “Company”) (O) relating to its proposed merger with VEREIT, Inc. Under the terms of the merger agreement, VEREIT shareholders will receive 0.705 shares of Realty Income per share they own.

The investigation focuses on whether Realty Income Corp. and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.

Click here for more information: http://monteverdelaw.com/case/realty-income-corp. It is free and there is no cost or obligation to you.

About Monteverde & Associates PC

We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2020 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2020 Top Rated Lawyer. Our firm’s recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in mergers & acquisitions class action cases.

If you owned common stock in the Company and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.

Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341

Attorney Advertising. (C) 2021 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

SOURCE Monteverde & Associates PC

Related Links

http://www.monteverdelaw.com

O – Realty Income Announces Pricing Of Upsized 8.0 Million Share Common Stock Offering

SAN DIEGO, June 30, 2021 /PRNewswire/ — Realty Income Corporation (Realty Income,NYSE: O), The Monthly Dividend Company®, today announced the pricing of an underwritten public offering of 8,000,000 shares of the company’s common stock for expected gross proceeds of approximately $519 million. The offering is expected to close on July 6, 2021. The underwriters of the offering have been granted a 30-day option to purchase up to 1,200,000 additional shares of common stock. The joint book-running managers for the offering are Wells Fargo Securities and Morgan Stanley.

The company intends to use net proceeds from the offering to repay borrowings under its $3.0 billion revolving credit facility and/or $1.0 billion commercial paper program, and, to the extent not used for that purpose, to fund potential investment opportunities and/or for other general corporate purposes.

A prospectus supplement and accompanying prospectus related to the public offering of these securities will be filed with the Securities and Exchange Commission. Copies of the prospectus supplement and the accompanying prospectus, when available, may be obtained from Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York, 10001, at (800) 326-5897 or email: [email protected]; or Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

These securities are offered pursuant to a Registration Statement that has become effective under the Securities Act. These securities are only offered by means of the prospectus supplement related to the offering and the related prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of these securities, in any state or other jurisdiction where, or to any person to whom, the offer, solicitation, or sale of these securities would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Forward-Looking Statements

Statements in this press release that are not strictly historical are “forward-looking” statements. Forward-looking statements involve known and unknown risks, which may cause the company’s actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, client financial health, the availability of capital to finance planned growth, volatility and uncertainty in the credit markets and broader financial markets, changes in foreign currency exchange rates, property acquisitions and the timing of these acquisitions, the structure, timing and completion of the announced mergers between us and VEREIT, Inc., if consummated, and any effects of the announcement, pendency or completion of the announced mergers, including the anticipated benefits therefrom, charges for property impairments, the effects of the COVID-19 pandemic and the measures taken to limit its impact, or the effects of other pandemics or global outbreaks of contagious diseases or fear of such outbreaks, on the company’s clients’ ability to adequately manage their properties and fulfill their respective lease obligations to the company, and the outcome of any legal proceedings to which the company is a party, as described in the company’s filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company’s current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

SOURCE Realty Income Corporation

Related Links

http://www.realtyincome.com

O – Looking for the Best REIT Dividend Stock? Start With This One

The current interest rate environment makes it difficult for income investors to find decent yield. With the credit markets awash in cash, bonds often have a pretty lousy risk/reward ratio.

That said, income investors should take a close look at real estate investment trusts (REITs), where they can still find strong companies that pay consistently and raise their dividend regularly. Realty Income (NYSE:O) is one of the first companies that should come to mind. 

Let’s find out a bit more about this REIT and its dividend potential.

Picture of a gas station

Image source: Getty Images.

An aristocratic choice

Realty Income is a Dividend Aristocrat — an S&P 500 company that has raised its dividend, year in and year out, for at least 25 consecutive years. It is also one of those rare companies that pays out monthly dividends and is proud of that fact, having trademarked the name “The Monthly Dividend Company.” It has made 93 consecutive quarterly increases to its dividend. This steady performance makes it a great staple for an income investor’s portfolio. 

As of March 31, Realty Income owned 6,592 properties with over 114 million square feet of space, focusing on stand-alone buildings with one tenant. It’s a “triple net” lease company, which means that tenants are responsible for most expenses, including insurance, taxes, and maintenance. These leases are generally long-term (around 10 years) and include automatic rent escalators. This means that the tenant’s credit profile has to be exceptionally strong to make that sort of commitment. 

Realty Income has a super-stable tenant base

Part of what makes a tenant’s credit profile attractive is how sensitive it is to the vicissitudes of the economy. The ideal tenant is unaffected by recessions or even COVID-19 lockdowns. Think drugstores, dollar stores, and convenience stores, as opposed to apparel stores and restaurants. In 2020, Realty Income’s biggest tenants were Walgreen’s, 7-Eleven, Dollar General, FedEx, and Dollar Tree

During the 2020 COVID-19 lockdown, Realty Income had strong rent collections and lower vacancy rates than the typical mall REIT. Most of its tenants were considered essential businesses, although the company was negatively affected by closures in movie theaters, gyms, child care, and restaurants. While collections did fall during the year, the REIT closed out 2020 with a 93.6% collection rate and ended the first quarter of 2021 at more than 94%. Theater tenants represented 5.6% of contractual rent at the end of 2020, and Realty Income had collected only 14% of their contractual rents. With the COVID-19 restrictions ending and vaccinations continuing, expect to see improvement in this part of the business. 

One of the few REITs that increased earnings last year

Despite the effects of COVID-19, Realty Income still reported an increase in adjusted funds from operations (AFFO) per share compared to 2019. Most REITs — including apartments, offices, and malls — reported decreases in AFFO per share. AFFO is the preferred method for measuring a REIT’s earnings since it removes a lot of non-cash charges like depreciation and amortization that understate the cash flow generation of the assets. 

At current levels, the company is trading at 19 times its guidance for 2021 AFFO per share, which is reasonable for a high-quality REIT. If you annualize its current monthly dividend of $0.235 per share, the dividend yield is 4.2%. With Realty Income, you get both stability and yield, which is hard to come by these days. For this reason, it should be one of the first REITs a dividend investor should consider. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

O – Realty Income Corp. (O) Dips More Than Broader Markets: What You Should Know

Realty Income Corp. (O Free Report) closed the most recent trading day at $68.23, moving -0.32% from the previous trading session. This change lagged the S&P 500’s 0.04% loss on the day.

Prior to today’s trading, shares of the real estate investment trust had gained 4.25% over the past month. This has outpaced the Finance sector’s gain of 1% and the S&P 500’s gain of 1.35% in that time.

Investors will be hoping for strength from O as it approaches its next earnings release. On that day, O is projected to report earnings of $0.86 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $446.71 million, up 7.74% from the year-ago period.

O’s full-year Zacks Consensus Estimates are calling for earnings of $3.46 per share and revenue of $1.87 billion. These results would represent year-over-year changes of +2.06% and +12.97%, respectively.

Investors should also note any recent changes to analyst estimates for O. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.3% higher within the past month. O is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note O’s current valuation metrics, including its Forward P/E ratio of 19.79. This represents a premium compared to its industry’s average Forward P/E of 17.2.

Investors should also note that O has a PEG ratio of 4.92 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. REIT and Equity Trust – Retail stocks are, on average, holding a PEG ratio of 3.54 based on yesterday’s closing prices.

The REIT and Equity Trust – Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 132, putting it in the bottom 49% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

O – 111th Common Stock Monthly Dividend Increase Declared By Realty Income

“We remain committed to our company’s mission of paying dependable monthly dividends to our shareholders that increase over time,” said Sumit Roy, President and Chief Executive Officer of Realty Income. “Our Board of Directors has once again determined that we are able to increase the amount of the monthly dividend to our shareholders, marking the 111th increase since our company’s public listing in 1994. With the payment of the July dividend, we will have made 612 consecutive monthly dividend payments throughout our 52-year operating history.”    

About the Company
Realty Income, The Monthly Dividend Company®, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,600 real estate properties owned under long-term lease agreements with commercial clients. To date, the company has declared 612 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 111 times since Realty Income’s public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats® index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Forward-Looking Statements
Statements in this press release that are not strictly historical are “forward-looking” statements. Forward-looking statements involve known and unknown risks, which may cause the company’s actual future results to differ materially from expected results. These risks include, among others, general economic conditions, domestic and foreign real estate conditions, client financial health, the availability of capital to finance planned growth, volatility and uncertainty in the credit markets and broader financial markets, changes in foreign currency exchange rates, property acquisitions and the timing of these acquisitions, the structure, timing and completion of the announced mergers between us and VEREIT, Inc. and any effects of the announcement, pendency or completion of the announced mergers, including the anticipated benefits therefrom, charges for property impairments, the effects of the COVID-19 pandemic and the measures taken to limit its impact, the effects of pandemics or global outbreaks of contagious diseases or fear of such outbreaks, the company’s clients’ ability to adequately manage its properties and fulfill their respective lease obligations to the company, and the outcome of any legal proceedings to which the company is a party, as described in the company’s filings with the Securities and Exchange Commission. Consequently, forward-looking statements should be regarded solely as reflections of the company’s current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast in this press release. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date these statements were made.

SOURCE Realty Income Corporation

Related Links

http://www.realtyincome.com