Realty Income (NYSE:O) Shares Up 0.5% – Here’s What Happened

Realty Income Co. (NYSE:O) traded up 0.5% during mid-day trading on Thursday . The stock traded as high as $56.87 and last traded at $56.85. 937,154 shares changed hands during trading, a decline of 81% from the average session volume of 4,967,818 shares. The stock had previously closed at $56.56.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays lifted their price objective on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Scotiabank dropped their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $55.72 and its 200 day moving average price is $57.37. The stock has a market capitalization of $50.15 billion, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal 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 paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is 328.57%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently added to or reduced their stakes in O. Lee Danner & Bass Inc. purchased a new position in Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income in the 4th quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in shares of Realty Income during the 4th quarter worth $32,000. Millstone Evans Group LLC acquired a new position in shares of Realty Income during the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Realty Income during the fourth quarter worth $34,000. 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.