Realty Income (NYSE:O) Trading Up 2.6%

Shares of Realty Income Co. (NYSE:O) rose 2.6% on Thursday . The company traded as high as $55.45 and last traded at $54.98. Approximately 1,914,857 shares changed hands during trading, a decline of 69% from the average daily volume of 6,232,762 shares. The stock had previously closed at $53.58.

Wall Street Analyst Weigh In

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

Realty Income Trading Up 2.7 %

The stock has a market cap of $47.89 billion, a PE ratio of 50.93, a PEG ratio of 4.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The business has a 50-day moving average of $53.48 and a 200 day moving average of $53.89.

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

Realty Income Announces Dividend

The firm also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a dividend of $0.263 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Hedge Funds Weigh In On Realty Income

Several institutional investors have recently added to or reduced their stakes in O. American National Bank purchased a new position in Realty Income during the fourth quarter worth approximately $25,000. Vima LLC acquired a new position in Realty Income in the fourth quarter valued at $25,000. Pacifica Partners Inc. grew its holdings in shares of Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares during the period. Baystate Wealth Management LLC increased its position 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 acquiring an additional 190 shares in the last quarter. Finally, WASHINGTON TRUST Co lifted its holdings in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.