Realty Income (NYSE:O) Shares Up 1%

Realty Income Co. (NYSE:O)’s stock price was up 1% during mid-day trading on Friday . The company traded as high as $55.67 and last traded at $55.53. Approximately 1,023,896 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 6,225,125 shares. The stock had previously closed at $55.00.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on O shares. Mizuho boosted their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group cut 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 note on Friday, May 31st. KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $61.35.

Realty Income Trading Up 1.7 %

The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market cap of $48.70 billion, a PE ratio of 51.42, a PEG ratio of 4.66 and a beta of 0.96. The stock has a 50 day moving average price of $53.48 and a 200 day moving average price of $53.90.

Realty Income (NYSE:O) last posted 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 return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Sell-side analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 292.59%.

Hedge Funds Weigh In On Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares in the last quarter. Norges Bank acquired a new position in Realty Income in the fourth quarter valued at about $506,526,000. Principal Financial Group Inc. lifted its holdings in shares of Realty Income by 107.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after acquiring an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after purchasing an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $58,843,000. 70.81% of the stock is currently 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.