Realty Income (NYSE:O) Shares Up 0.1%

Realty Income Co. (NYSE:O)’s share price rose 0.1% during trading on Thursday . The stock traded as high as $55.06 and last traded at $54.84. Approximately 803,749 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 6,769,919 shares. The stock had previously closed at $54.79.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on O shares. Mizuho cut their price target 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. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. 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 research note on Wednesday, February 21st. BMO Capital Markets assumed 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. Finally, Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.96.

Realty Income Stock Performance

The stock’s 50 day moving average is $52.94 and its two-hundred day moving average is $53.74. The stock has a market capitalization of $47.04 billion, a price-to-earnings ratio of 50.78, a price-to-earnings-growth ratio of 5.73 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.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income’s payout ratio is presently 285.19%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Realty Income

Institutional investors have recently added to or reduced their stakes in the business. American National Bank acquired a new position in shares of Realty Income in the 4th quarter valued at about $25,000. Vima LLC acquired a new position in Realty Income in the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC grew its position in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Realty Income by 65.7% in the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares in the last quarter. Finally, CVA Family Office LLC acquired a new position in shares of Realty Income during the 4th quarter valued at $29,000. 70.81% of the stock is owned by 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.