Realty Income (NYSE:O) Trading Up 0.7%

Shares of Realty Income Co. (NYSE:O) were up 0.7% during trading on Tuesday . The stock traded as high as $52.58 and last traded at $52.55. Approximately 1,411,723 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 7,180,157 shares. The stock had previously closed at $52.17.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wolfe Research upgraded shares of Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 price target for the company in a report on Wednesday, December 6th. Mizuho dropped their target price 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 Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective on the stock. Finally, BNP Paribas raised Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 target price for the company in a research note on Wednesday, December 13th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Price Performance

The stock has a market capitalization of $46.30 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 5.46 and a beta of 0.92. The business’s 50 day simple moving average is $53.22 and its two-hundred day simple moving average is $53.32. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. As a group, sell-side analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a mar 24 dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a $0.257 dividend. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. The ex-dividend date of this dividend is Friday, March 29th. Realty Income’s dividend payout ratio is presently 244.45%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Harbour Investments Inc. lifted its holdings in shares of Realty Income by 2.8% in the fourth quarter. Harbour Investments Inc. now owns 5,888 shares of the real estate investment trust’s stock worth $373,000 after buying an additional 160 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Realty Income by 1.4% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 13,182 shares of the real estate investment trust’s stock valued at $788,000 after purchasing an additional 183 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Realty Income by 13.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,522 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 185 shares in the last quarter. Baystate Wealth Management LLC increased its holdings in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the period. Finally, Vestcor Inc raised its position in shares of Realty Income by 0.4% in the second quarter. Vestcor Inc now owns 48,121 shares of the real estate investment trust’s stock worth $2,877,000 after buying an additional 191 shares in the last quarter. 70.81% of the stock is 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.