Realty Income (NYSE:O) Trading Up 0.7%

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

Analyst Ratings Changes

Several brokerages have issued reports on O. Royal Bank of Canada raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets began coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Trading Up 1.0 %

The stock has a market cap of $44.62 billion, a PE ratio of 40.97, a P/E/G ratio of 5.27 and a beta of 0.92. The business’s fifty day moving average is $52.51 and its 200 day moving average is $53.33. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for 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 firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. As a group, 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. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is currently 244.45%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were 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 SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Several institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. raised its holdings in shares of Realty Income by 2.8% during the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 160 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Realty Income by 13.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock worth $91,000 after purchasing an additional 185 shares during the period. Baystate Wealth Management LLC raised its holdings in shares of Realty Income by 62.7% during the fourth 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 during the period. Vestcor Inc increased its holdings in shares of Realty Income by 0.4% in the 2nd quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock worth $2,877,000 after acquiring an additional 191 shares during the period. Finally, First Affirmative Financial Network increased its holdings in shares of Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after acquiring an additional 201 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.