Realty Income (NYSE:O) Stock Price Up 1% – What’s Next?

Realty Income Corporation (NYSE:O)’s share price was up 1% on Monday . The stock traded as high as $58.09 and last traded at $57.8960. Approximately 6,794,921 shares traded hands during trading, an increase of 5% from the average daily volume of 6,484,626 shares. The stock had previously closed at $57.31.

Wall Street Analyst Weigh In

O has been the subject of several research analyst reports. Barclays lifted their price target on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Morgan Stanley increased their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Cantor Fitzgerald reduced their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.23.

Realty Income Stock Performance

The company’s 50-day moving average price is $57.19 and its 200 day moving average price is $58.02. The stock has a market capitalization of $53.26 billion, a PE ratio of 13.52, a PEG ratio of 3.47 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business posted $1.05 earnings per share. Realty Income’s quarterly revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.27 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 300.00%.

Institutional Investors Weigh In On Realty Income

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.5% during the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock valued at $9,102,107,000 after purchasing an additional 3,594,127 shares during the last quarter. State Street Corp boosted its holdings in Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after acquiring an additional 1,295,936 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Realty Income by 8.3% in the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after acquiring an additional 2,058,031 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Realty Income by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock valued at $770,273,000 after acquiring an additional 433,602 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Realty Income by 1.5% during the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock valued at $740,844,000 after acquiring an additional 175,102 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.