Realty Income (NYSE:O) Shares Up 0.5% – Time to Buy?

Shares of Realty Income Co. (NYSE:O) rose 0.5% during trading on Wednesday . The stock traded as high as $57.59 and last traded at $57.32. Approximately 762,295 shares were traded during trading, a decline of 87% from the average daily volume of 5,667,140 shares. The stock had previously closed at $57.02.

Wall Street Analysts Forecast Growth

O has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Robert W. Baird raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Stifel Nicolaus cut their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Wedbush initiated coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.85.

Realty Income Stock Down 0.2 %

The stock has a market capitalization of $49.81 billion, a P/E ratio of 54.51, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s fifty day simple moving average is $61.67 and its two-hundred day simple moving average is $57.98.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the business earned $1.02 earnings per share. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Monday, December 2nd. Realty Income’s payout ratio is currently 300.96%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Realty Income

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in shares of Realty Income by 48.4% in the 1st quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock valued at $608,000 after buying an additional 3,663 shares during the period. US Bancorp DE raised its position in Realty Income by 6.7% in the 1st quarter. US Bancorp DE now owns 128,117 shares of the real estate investment trust’s stock valued at $6,931,000 after purchasing an additional 8,037 shares in the last quarter. Bleakley Financial Group LLC raised its position in Realty Income by 2.8% in the 1st quarter. Bleakley Financial Group LLC now owns 22,644 shares of the real estate investment trust’s stock valued at $1,225,000 after purchasing an additional 613 shares in the last quarter. Cozad Asset Management Inc. raised its position in Realty Income by 5.9% in the 1st quarter. Cozad Asset Management Inc. now owns 5,022 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 279 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Realty Income by 18.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 341,056 shares of the real estate investment trust’s stock valued at $18,451,000 after purchasing an additional 52,501 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.