Realty Income (NYSE:O) Trading Up 0.7%

Realty Income Co. (NYSE:O)’s share price was up 0.7% during trading on Thursday . The company traded as high as $51.63 and last traded at $51.62. Approximately 897,020 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 6,854,393 shares. The stock had previously closed at $51.28.

Wall Street Analyst Weigh In

O has been the topic of a number of recent analyst reports. BMO Capital Markets initiated coverage on Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Mizuho decreased their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Stifel Nicolaus decreased their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Royal Bank of Canada raised their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $60.96.

Realty Income Trading Up 1.0 %

The company has a market cap of $44.62 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 5.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day moving average of $52.51 and a 200 day moving average of $53.33.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. Analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Institutional investors and hedge funds have recently modified their holdings of the stock. Compass Wealth Management LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $25,000. American National Bank bought a new position in Realty Income in the fourth quarter worth approximately $25,000. Vima LLC bought a new position in Realty Income in the fourth quarter worth approximately $25,000. Dagco Inc. bought a new position in Realty Income in the fourth quarter worth approximately $28,000. Finally, Baystate Wealth Management LLC raised its stake in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

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.