Realty Income (NYSE:O) Shares Up 0.5%

Realty Income Co. (NYSE:O) shares were up 0.5% during trading on Thursday . The stock traded as high as $54.48 and last traded at $54.19. Approximately 889,234 shares changed hands during trading, a decline of 87% from the average daily volume of 6,757,899 shares. The stock had previously closed at $53.92.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on O. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. 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. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Stifel Nicolaus cut their target price on shares of 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 decreased their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $60.96.

Realty Income Stock Up 1.4 %

The company has a market cap of $47.09 billion, a PE ratio of 43.21, a P/E/G ratio of 5.56 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $52.74 and its 200 day moving average is $53.57.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal 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 issued a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is 244.45%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in O. Baystate Wealth Management LLC boosted its position in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. WASHINGTON TRUST Co grew its stake in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the last quarter. Essex Financial Services Inc. grew its position in Realty Income by 1.5% during the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 199 shares during the last quarter. First Affirmative Financial Network raised its holdings in shares of Realty Income by 2.1% in the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 201 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Realty Income by 0.3% during the fourth quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock worth $3,812,000 after buying an additional 204 shares during the period. 70.81% of the stock is currently owned by institutional investors.

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.