Realty Income (NYSE:O) Shares Up 0.1%

Shares of Realty Income Co. (NYSE:O) shot up 0.1% on Tuesday . The company traded as high as $53.58 and last traded at $53.38. 1,366,720 shares traded hands during trading, a decline of 80% from the average session volume of 6,795,279 shares. The stock had previously closed at $53.33.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on O. Stifel Nicolaus dropped their price objective 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 upped their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Mizuho lowered their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Finally, BMO Capital Markets initiated coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Price Performance

The company has a 50-day moving average of $52.59 and a two-hundred day moving average of $53.45. The stock has a market capitalization of $46.22 billion, a PE ratio of 42.60, a P/E/G ratio of 5.54 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.

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

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 244.45%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently modified their holdings of O. Vanguard Group Inc. grew its stake in shares of Realty Income by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock valued at $6,541,290,000 after buying an additional 3,046,630 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Realty Income by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock valued at $547,931,000 after buying an additional 227,621 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Realty Income by 1.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after buying an additional 117,313 shares during the period. Northern Trust Corp raised its holdings in shares of Realty Income by 5.2% during the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after buying an additional 452,046 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Realty Income by 0.5% during the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after buying an additional 47,437 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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 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.