2 Magnificent S&P 500 Dividend Stocks Down 10% to Buy and Hold Forever
While the S&P 500 has rallied sharply over the past year, several high-quality REITs are down because of the impact of higher interest rates. Realty Income's falling stock price has helped push its dividend yield up to nearly 6%.
Got $10,000? 2 High-Yield Dividend Stocks to Buy and Hold Forever.
Long-term investing is key to sustainable returns in the market. So when you find a good stock, hold on to it for a while.
If You'd Invested $1,000 in Realty Income Stock 5 Years Ago, Here's How Much You'd Have Today
Realty Income pays a dividend that yields more than quadruple the average S&P 500 yield. Its stock is down due to unease surrounding interest rates.
Is Realty Income a Dividend Stock To Buy Today?
While a 5.61% yield at the time of this writing is less than that of some other dividend stocks, Realty Income is definitely a stock to keep in mind for the long haul, since getting an increase four times a year on rock solid reliable payments is safer prospect than finding out about a dividend cut from a riskier prospect.
Want Decades of Passive Income? 3 Stocks to Buy Now and Hold Forever
Vici Properties has become the dominant gaming REIT in just a few years and is now starting to branch out. Realty Income owns more than 15,000 commercial properties and is set up for long-term income growth.
This Magnificent 5.5%-Yielding Dividend Stock Continues to Send More Cash to Investors
Realty Income recently increased its dividend by another 2.1%. That continued the steady growth in the REIT's high-yielding dividend.
Realty Income: A Skidding Net Lease Market Is Impacting The Largest Net Lease REIT
The net lease market continues to grind to a halt, entering a second year of depressed transaction activity. Realty Income (O) is the largest net lease REIT and has a strong track record of dividend growth, largely fueled by an acquisitive strategy. We explore the impact of the slowing net lease market on O's acquisition activity, showcasing their willingness to be flexible within their business.
Dividend Growth At A Bargain Price? O Yeah! Realty Income
O is a REIT stalwart and terrific income generator, available at bargain prices. Many REITs are slowing acquisitions due to interest rates and share price issues. We look at the new path Realty Income has decided to take.
Meridian Wealth Management LLC Has $340,000 Holdings in Realty Income Co. (NYSE:O)
Meridian Wealth Management LLC reduced its stake in Realty Income Co. (NYSE:O – Free Report) by 45.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,918 shares of the real estate investment trust’s stock after selling 4,872 shares during the quarter. Meridian Wealth Management LLC’s holdings in Realty Income were worth $340,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Realty Income by 99.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 112,066 shares of the real estate investment trust’s stock valued at $5,597,000 after purchasing an additional 55,958 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Realty Income by 33.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 18,567 shares of the real estate investment trust’s stock worth $927,000 after acquiring an additional 4,646 shares during the last quarter. WealthPlan Investment Management LLC lifted its holdings in Realty Income by 4,294.8% in the third quarter. WealthPlan Investment Management LLC now owns 142,700 shares of the real estate investment trust’s stock valued at $7,126,000 after buying an additional 139,453 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Realty Income by 3.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,774 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 433 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Realty Income by 8.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 12,601 shares of the real estate investment trust’s stock valued at $629,000 after purchasing an additional 992 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock. Wall Street Analysts Forecast Growth O has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, Mizuho increased their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.38. View Our Latest Analysis on Realty Income Insider Activity at Realty Income In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders. Realty Income Trading Down 0.1 % Shares of O opened at $55.13 on Monday. The firm has a market cap of $48.01 billion, a P/E ratio of 51.05, a price-to-earnings-growth ratio of 5.69 and a beta of 0.92. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The business has a 50-day moving average of $53.36 and a 200 day moving average of $54.10. Realty Income (NYSE:O – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 earnings per share. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year. Realty Income Announces Dividend The firm also recently disclosed a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a $0.2625 dividend. Realty Income’s dividend payout ratio is currently 285.19%. About Realty Income (Free Report) 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 real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.
3 Reliable Dividend Stocks With Yields Above 5% You Can Buy With Less Than $100 Right Now
Investors looking to pad their passive income streams with high-yield dividend stocks have three excellent choices. If you have an extra $100 to invest, you could set yourself up with dividends from Realty Income (NYSE: O), Altria Group (NYSE: MO), or Pfizer (NYSE: PFE). All three of these dividend payers have long histories of steady annual dividend raises. Plus, they offer yields above 5% at recent prices. Nobody's expecting huge payout bumps from these well-established businesses. With strong advantages against competitors, though, there's a good chance they can maintain their payout-raising streaks long enough to fuel your retirement dreams. Realty Income is a real estate investment trust (REIT) that leases commercial property to well-established organizations such as Walmart, Dollar General, and Tractor Supply Company. At recent prices, the stock offers a 5.6% dividend yield plus a couple of features its shareholders appreciate. Realty Income makes monthly dividend payments, and you never need to wait long for a raise. This REIT raises its payout every quarter and recently announced its 125th payout bump since becoming a publicly traded company about 30 years ago. Grocery stores, dollar stores, and home improvement stores have ups and downs, but they aren't likely to go belly up during economic downturns. Plus, their physical locations are likely to remain relevant despite an ongoing shift toward online shopping. In addition to selecting tenants that can reliably pay rent, Realty Income employs net leases that transfer all the variable costs of building ownership, such as taxes and maintenance to the tenant. This makes the company's cash flows so stable that it sports an A3 credit rating from Moody's. Despite 30 years of operation, there's still plenty of independently owned commercial real estate that could fit into Realty Income's portfolio. With a credit rating that's better than the vast majority of its peers, there's a good chance this REIT can continue attracting quality tenants and raising its dividend through your retirement. Cigarette smoking has been in decline for decades but this hasn't stopped Altria Group from steadily raising its dividend. Last August, the U.S. tobacco giant behind the leading Marlboro brand announced its 58th dividend increase in 54 years. Despite a long history of consecutive annual dividend payout bumps, the market isn't expecting Altria Group's streak to continue. The stock offers an ultra-high 8.5% yield at recent prices. The Food and Drug Administration (FDA) banned flavored e-vapor devices, even though consumers of all ages appear to prefer them. The ban led to a huge illicit market, but access to flavored vaporizers like Elf Bar will get harder to access, at least in the U.S., where Altria does business. In late 2023, the FDA began partnering with Customs and Border Protection to begin seizing shipments of illegal vaporizers. So far this year, it's also issued warning letters to 61 brick-and-mortar retailers and 22 online retailers for carrying illicit devices. Increased enforcement of the FDA's flavor ban is great news for Altria. Last year, it acquired NJOY, which is one of just three brands of FDA-authorized e-cigarettes on the market today. Shares of the pharmaceutical giant, Pfizer offer a 5.9% dividend yield at recent prices. It has the shortest streak on this list, but after raising its payout for 15 consecutive years, this is a very reliable dividend stock. Pfizer's revenue stream swelled up on sales of Comirnaty, a COVID-19 vaccine, and Paxlovid, a COVID-19 antiviral treatment. Unfortunately, demand for these two products evaporated faster than expected. The stock has been under pressure because trailing-12-month sales are down by about $50 billion from their peak in 2022. Pfizer has reinvested its COVID-19 windfall in new revenue streams, and the plan is working well. Despite the loss of most COVID-19-related sales trailing 12-month revenue is 45.5% higher now than it was at the beginning of the pandemic. Pfizer has reinvested its COVID-19 windfall in new drugs that could allow it to keep raising its payout for many years to come. In addition to acquiring Seagen and all four of its marketed cancer therapies, the FDA approved nine new drugs from Pfizer last year. Adding some shares to a diversified portfolio and holding them throughout your retirement years looks like a smart move for most income-seeking investors. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Realty Income wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $566,624!* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of May 13, 2024 Cory Renauer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Moody's, Pfizer, Realty Income, and Walmart. The Motley Fool recommends Tractor Supply. The Motley Fool has a disclosure policy. 3 Reliable Dividend Stocks With Yields Above 5% You Can Buy With Less Than $100 Right Now was originally published by The Motley Fool
Realty Income (O) Rewards Investors With 125th Dividend Hike
Realty Income Corporation (O Quick QuoteO - Free Report) announced an increase in its common stock monthly cash dividend to 26.25 cents per share from 25.70 cents paid out earlier. This marked its 125th dividend hike since its listing on the NYSE in 1994.The increased dividend will be paid out on Jun 14 to shareholders of record as of Jun 3, 2024. The latest dividend rate marks an annualized amount of $3.150 per share compared with the prior rate of $3.084. Based on the company’s share price of $55.13 on May 17, the latest hike results in a dividend yield of 5.71%.Though the latest hike marks a marginal increase from the prior dividend, the latest dividend announced will be the company’s 647th consecutive monthly dividend payout in its 55-year operating history.Solid dividend payouts are the biggest enticements for real estate investment trust (REIT) investors, and Realty Income is committed to boosting its shareholder wealth. This retail REIT holds the trademark of the phrase “The Monthly Dividend Company.” It has made 107 consecutive quarterly dividend hikes. This retail REIT has witnessed compound average annual dividend growth of 4.3% since its listing on the NYSE. Moreover, Realty Income has increased its dividend 22 times in the last five years and has a five-year annualized dividend growth rate of 2.99%. Check Realty Income’s dividend history here.The latest hike reflects O’s ability to generate decent cash flow through its operating platform and high-quality portfolio. The majority of its annualized retail contractual rental revenues are generated by clients who have a service, non-discretionary and/or low-price-point component to their business. Such businesses are less likely to be affected by economic downturns and competition from online sales. These provide more reliable streams of income, which boost the stability of rental revenues and generate predictable cash flows.Moreover, Realty Income’s diversified tenant base and accretive buyouts bode well for its long-term growth. The solid property acquisitions volume at decent investment spreads has aided the company’s performance so far. In January 2024, Realty Income completed its all-stock merger transaction with Spirit Realty Capital, Inc. The transaction is immediately accretive on a leverage-neutral basis and adds to Realty Income's size, scale and diversification, enabling it to expand its scope for future growth.In November 2023, Realty Income entered into a JV with Digital Realty (DLR Quick QuoteDLR - Free Report) to facilitate the development of two build-to-suit data centers in Northern Virginia. The move marked the retail REIT’s maiden foray into the data center sector and further diversified its portfolio. It invested approximately $200 million, securing an 80% equity interest in the venture, while Digital Realty maintains a 20% interest.Realty Income maintains a healthy balance sheet position and exited the first quarter of 2024 with $4 billion of liquidity. The company ended the quarter with modest leverage and strong coverage metrics with net debt to annualized pro forma adjusted EBITDAre of 5.5X and a fixed charge coverage of 4.5X. O also enjoys a credit rating of A- (Stable) and A3 (Stable) from Standard & Poor’s and Moody’s, respectively, which provides access to the debt market at favorable costs.With ample financial flexibility, the company remains well-poised to respond to any challenges and bank on growth opportunities.Moreover, with a healthy financial position and a lower debt-to-equity ratio compared with the industry, we expect the latest dividend rate to be sustainable. Over the past three months, shares of this Zacks Rank #3 (Hold) company have risen 4.6% against the industry’s fall of 3.8%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the retail REIT sector are Kite Realty Group Trust (KRG Quick QuoteKRG - Free Report) and Acadia Realty Trust (AKR Quick QuoteAKR - Free Report) , each carrying a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for Kite Realty Group’s ongoing year’s funds from operations (FFO) per share is pegged at $2.05, which indicates a year-over-year increase of 1%.The Zacks Consensus Estimate for Acadia Realty Trust’s current-year FFO per share has been revised a cent upward over the past month to $1.28.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. 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Realty Income: Set For A New Upleg
Realty Income's shares could see a breakout as lower federal fund rates benefit the REIT sector, and especially large REITs that rely on debt-financing to stem acquisitions. The company's major transactions outside of its core retail operations are boosting adjusted FFO and improving diversification. With lower interest rates, I expect O stock to make significant acquisitions and experience strong, sustained AFFO growth.
