Realty Income (NYSE:O) Trading 0.2% Higher

Shares of Realty Income Co. (NYSE:O) shot up 0.2% during trading on Wednesday . The stock traded as high as $60.42 and last traded at $60.41. 1,108,092 shares were traded during trading, a decline of 82% from the average session volume of 6,108,909 shares. The stock had previously closed at $60.31.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on O. Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Robert W. Baird upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Mizuho lifted their price target 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. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Finally, KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.57.

Realty Income Stock Down 0.0 %

The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average price is $55.49 and its 200-day moving average price is $53.97. The stock has a market cap of $52.50 billion, a price-to-earnings ratio of 55.94, a P/E/G ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in O. Founders Financial Securities LLC grew its position in Realty Income by 0.9% in the second quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock worth $1,120,000 after acquiring an additional 181 shares in the last quarter. WASHINGTON TRUST Co boosted its position in Realty Income by 65.7% during 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. Essex Financial Services Inc. grew its holdings in shares of Realty Income by 1.5% during the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after acquiring an additional 199 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Realty Income by 0.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock valued at $1,864,000 after purchasing an additional 199 shares during the period. Finally, Optimum Investment Advisors boosted its holdings in shares of Realty Income by 11.1% during the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 200 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

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.