Realty Income (NYSE:O) Trading 1.7% Higher – What’s Next?

Realty Income Corporation (NYSE:O)’s share price shot up 1.7% during mid-day trading on Thursday . The stock traded as high as $58.54 and last traded at $58.3020. 5,691,282 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 7,313,913 shares. The stock had previously closed at $57.35.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Wells Fargo & Company raised their price objective on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Morgan Stanley increased their target price on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Finally, Cantor Fitzgerald dropped their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.23.

Realty Income Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a 50-day simple moving average of $57.09 and a two-hundred day simple moving average of $58.02. The company has a market capitalization of $53.50 billion, a price-to-earnings ratio of 53.85, a price-to-earnings-growth ratio of 3.75 and a beta of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is 300.00%.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently bought and sold shares of O. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the 2nd quarter valued at approximately $25,000. Stance Capital LLC bought a new stake in Realty Income during the third quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter valued at approximately $29,000. Strengthening Families & Communities LLC raised its position in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares during the period. Finally, Avion Wealth raised its position in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. 70.81% of the stock is currently owned by institutional investors.

About Realty Income

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.