Realty Income (NYSE:O) Trading Up 0.3%

Shares of Realty Income Co. (NYSE:O) were up 0.3% during mid-day trading on Friday . The stock traded as high as $52.76 and last traded at $52.49. Approximately 1,055,669 shares changed hands during trading, a decline of 84% from the average daily volume of 6,552,703 shares. The stock had previously closed at $52.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on O shares. Mizuho increased their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus decreased their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Scotiabank boosted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Finally, BMO Capital Markets assumed coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.38.

Realty Income Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The company’s 50-day moving average price is $53.48 and its 200 day moving average price is $54.15. The stock has a market capitalization of $45.59 billion, a P/E ratio of 48.60, a P/E/G ratio of 4.69 and a beta of 0.92.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the business earned $0.98 earnings per share. Realty Income’s revenue was up 33.5% compared to the same quarter last year. As a group, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a dividend of $0.2625 per share. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is presently 285.19%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American National Bank bought a new position in Realty Income during the 4th quarter valued at about $25,000. Vima LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC grew its stake 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 valued at $28,000 after buying an additional 190 shares during the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares during the period. Finally, CVA Family Office LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $29,000. 70.81% of the stock is owned by hedge funds and other 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.