Realty Income (NYSE:O) Stock Price Up 0.2%

Realty Income Co. (NYSE:O)’s stock price was up 0.2% on Tuesday . The stock traded as high as $57.82 and last traded at $57.65. Approximately 772,917 shares traded hands during trading, a decline of 87% from the average daily volume of 6,144,464 shares. The stock had previously closed at $57.56.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. KeyCorp started coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Mizuho upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank lifted their target price on shares of 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, UBS Group upped their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $61.88.

Realty Income Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $49.95 billion, a PE ratio of 53.48, a P/E/G ratio of 5.00 and a beta of 0.96. The company’s fifty day simple moving average is $53.85 and its 200 day simple moving average is $53.82.

Realty Income (NYSE:O) last announced 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 analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently modified their holdings of the company. American National Bank bought a new stake in Realty Income during the fourth quarter valued at $25,000. Vima LLC bought a new position in shares of Realty Income in the fourth quarter worth approximately $25,000. Pacifica Partners Inc. raised its stake in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. WASHINGTON TRUST Co raised its stake in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income during the first quarter valued at approximately $27,000. 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.