|Bid||56.9000 x 400|
|Ask||56.9100 x 100|
|Day's Range||56.7090 - 57.3500|
|52 Week Range||52.7200 - 72.3000|
|PE Ratio (TTM)||49.49|
|Dividend & Yield||2.54 (4.43%)|
|1y Target Est||N/A|
Several bearish headwinds have caused the triple-net real estate investment trust (REIT) to fall on hard times — at least that’s what its share price action would have you believe, anyway. In that mismatched pricing, investors looking to score a high yield that is also growing like clockwork have the opportunity to buy one of the best players in the business. But, that opportunity won’t last long. For Realty Income, the last few quarters haven’t exactly been wonderful.
Realty Income’s monthly dividends currently pay out at an annual yield of 4.43%, slightly more than the S&P 500. This is because Realty Income is part of a real estate investment trust. By law, REITS must distribute 90% of their taxable earnings to shareholders each year in the form of dividends.
Realty Income (O) will likely gain from focus on tenants belonging to service, non-discretionary and low-price retail business. However, choppy Q2 retail real estate market may limit growth momentum.