Realty Income (NYSE:O) Reaches New 52-Week High – What’s Next?

Realty Income Corporation (NYSE:O)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $61.95 and last traded at $61.7460, with a volume of 414250 shares changing hands. The stock had previously closed at $61.46.

Wall Street Analyst Weigh In

A number of research analysts have commented on O shares. Wall Street Zen cut shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Wells Fargo & Company boosted their price target on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald cut their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $63.21.

Realty Income Stock Performance

The business has a fifty day moving average of $58.44 and a 200-day moving average of $58.44. The company has a market cap of $56.80 billion, a PE ratio of 57.08, a P/E/G ratio of 3.58 and a beta of 0.79. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is presently 300.00%.

Institutional Investors Weigh In On Realty Income

A number of large investors have recently modified their holdings of the stock. Sage Private Wealth Group LLC lifted its holdings in Realty Income by 2.2% in the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 170 shares during the period. Moseley Investment Management Inc. raised its position in shares of Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 175 shares in the last quarter. Crescent Sterling Ltd. lifted its stake in shares of Realty Income by 4.1% in the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 176 shares during the period. Castle Rock Wealth Management LLC boosted its position in shares of Realty Income by 0.6% during the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 177 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its stake in Realty Income by 10.7% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 177 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.