Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Realty Income Corporation (NYSE:O) owns roughly 15,400 properties, most of which are free-standing, single-tenant, triple-net-leased retail properties located in 49 states and Puerto Rico. Recent acquisitions have added industrial, gaming, office, manufacturing, and distribution properties, which now make up roughly 20% of revenue.
The 52-week Realty Income stock price range was $45.04 to $61.60.
Realty Income’s stock dividend yield is 5.19%. During the last 12 months, it paid $3.16 per share in dividends.
Trending Now:
The Latest On Realty Income
On Aug. 5, Realty Income reported its Q2 2024 earnings, posting an FFO of $1.06, above the consensus of $1.05, and revenues of $1.34 billion, beating the expected $1.25 billion, as reported by Benzinga.
“I am pleased with the continued momentum and acceleration compared to the first quarter, as evidenced by AFFO per share growth of 6.0% compared to the same quarter in 2023,” said Sumit Roy, Realty Income’s President and Chief Executive Officer. “Supporting our stable and growing cash flow stream, our liquidity position remains strong, and our operations and portfolio of leading clients are healthy.”
According to the company’s news release, it has continued its 55-year history of paying monthly dividends. In addition, Realty Income increased its dividend four times during 2024. As of July 2024, the company has paid 107 consecutive quarterly dividend increases and increased the dividend 126 times since its IPO in 1994.
Looking forward, the company provided its guidance for the full 2024 year, expecting net income per share of $1.21-$1.30 (vs. prior $1.26-$1.35) and AFFO per share of $4.15-$4.21.
Following the earnings announcement, several Wall Street analysts, including RBC Capital, Stifel, and Baird, raised their price targets on Realty Income stock.
Check out this article by Benzinga for seven analyst takes on Realty Income stock.
Read More:
How Can You Earn $100 Per Month As A Realty Income Investor?
If you want to make $100 per month –$1,200 annually – from Realty Income dividends, your investment value needs to be approximately $23,121, which is around 380 shares at $60.86 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (5.19% in this case). So, $1,200 / 0.0519 = $23,121 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time due to fluctuating stock prices and dividend payments.
For instance, if a stock pays $2 as an annual dividend and is priced at $50, its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect, increasing the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Realty Income stock an attractive option for making a steady income of $100 per month by owning 380 shares of stock. There may be more upside as investors benefit from the company’s consistent dividend hikes. Realty Income has raised its dividend for 107 consecutive quarters.
Better Yields Than Some REITs?
The current high-interest-rate environment has created an incredible opportunity for income-seeking investors to earn massive yields, but not through REITs.
Arrived Homes, the Jeff Bezos-backed investment platform has launched its Private Credit Fund, which provides access to a pool of short-term loans backed by residential real estate with a target 7% to 9% net annual yield paid to investors monthly. It paid 8.1% in July. The best part? Unlike other private credit funds, this one has a minimum investment of only $100.
As long-term rates go down and short-term rates stay high, there’s a unique chance to invest in fix & flip loans before yields drop. Check out Benzinga’s favorite high-yield offerings.
This article How To Put $100 In Your Retirement Fund Each Month With Realty Income Stock originally appeared on Benzinga.com
