Realty Income (NYSE:O) Shares Up 1.2% – Here’s What Happened

Realty Income Corporation (NYSE:O)’s share price was up 1.2% on Friday . The company traded as high as $61.54 and last traded at $61.43. Approximately 7,191,630 shares changed hands during trading, an increase of 7% from the average daily volume of 6,718,771 shares. The stock had previously closed at $60.72.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on O. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Mizuho dropped their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Cantor Fitzgerald cut their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.23.

Realty Income Stock Performance

The company has a 50 day simple moving average of $57.34 and a 200-day simple moving average of $58.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market cap of $56.51 billion, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 3.88 and a beta of 0.80.

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

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, January 30th. Realty Income’s payout ratio is presently 300.00%.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in O. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income during the second quarter valued at about $25,000. Stance Capital LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in Realty Income during the 3rd quarter valued at about $29,000. Avion Wealth grew its position in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its stake in Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

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.