Realty Income (NYSE:O) Shares Up 0.7% – Here’s Why

Realty Income Co. (NYSE:O) shares traded up 0.7% during mid-day trading on Monday . The company traded as high as $56.39 and last traded at $56.22. 1,056,251 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 4,979,962 shares. The stock had previously closed at $55.80.

Wall Street Analyst Weigh In

O has been the subject of several research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Trading Up 0.7 %

The firm’s 50 day simple moving average is $55.52 and its 200-day simple moving average is $57.47. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $50.10 billion, a PE ratio of 53.54, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s payout ratio is 328.57%.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently bought and sold shares of O. Wellington Management Group LLP boosted its stake in shares of Realty Income by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust’s stock valued at $9,881,000 after buying an additional 487 shares during the period. Fairtree Asset Management Pty Ltd acquired a new stake in Realty Income during the fourth quarter valued at $1,265,000. Wealth Enhancement Advisory Services LLC grew its stake in Realty Income by 69.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 253,399 shares of the real estate investment trust’s stock valued at $13,534,000 after purchasing an additional 104,126 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in Realty Income in the 4th quarter worth about $124,000. Finally, Castle Rock Wealth Management LLC raised its stake in shares of Realty Income by 4.3% during the 4th quarter. Castle Rock Wealth Management LLC now owns 31,592 shares of the real estate investment trust’s stock worth $1,721,000 after purchasing an additional 1,309 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.