Realty Income (NYSE:O) Trading Up 0.3%

Realty Income Co. (NYSE:O) traded up 0.3% on Tuesday . The company traded as high as $52.59 and last traded at $52.54. 642,764 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 6,343,807 shares. The stock had previously closed at $52.36.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Mizuho upped their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group decreased their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Scotiabank raised their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $61.35.

Realty Income Price Performance

The stock has a market cap of $45.58 billion, a PE ratio of 48.65, a price-to-earnings-growth ratio of 4.60 and a beta of 0.97. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company’s fifty day moving average is $53.63 and its 200 day moving average is $54.11.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the business posted $0.98 EPS. The business’s revenue was up 33.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.263 dividend. This represents a yield of 6%. The ex-dividend date is Monday, July 1st. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio is currently 291.67%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Institutional investors and hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Realty Income in the 3rd quarter worth about $243,000. O Shaughnessy Asset Management LLC lifted its holdings in Realty Income by 11.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,124 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 1,569 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Realty Income by 62.9% during the third quarter. Lazard Asset Management LLC now owns 11,739 shares of the real estate investment trust’s stock worth $586,000 after purchasing an additional 4,534 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Realty Income by 51.9% in the 3rd quarter. AQR Capital Management LLC now owns 147,564 shares of the real estate investment trust’s stock worth $7,369,000 after buying an additional 50,419 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Realty Income by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 3,887,142 shares of the real estate investment trust’s stock valued at $193,203,000 after acquiring an additional 23,172 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.