Realty Income (NYSE:O) Trading 0.3% Higher – Here’s Why

Realty Income Co. (NYSE:O) shares were up 0.3% during trading on Tuesday . The stock traded as high as $56.95 and last traded at $56.95. Approximately 872,794 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 5,660,033 shares. The stock had previously closed at $56.77.

Analyst Upgrades and Downgrades

Several analysts have commented on O shares. UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Stifel Nicolaus dropped their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Finally, Royal Bank of Canada decreased their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.85.

Realty Income Trading Down 0.5 %

The business has a fifty day simple moving average of $60.97 and a 200 day simple moving average of $58.06. The stock has a market cap of $49.78 billion, a price-to-earnings ratio of 54.17, a PEG ratio of 4.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a dividend yield of 5.56%. Realty Income’s dividend payout ratio (DPR) is currently 300.96%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 6.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently bought and sold shares of O. Pacifica Partners Inc. raised its holdings in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC raised its holdings in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. MFA Wealth Advisors LLC bought a new stake in Realty Income during the second quarter worth approximately $33,000. Finally, Headlands Technologies LLC bought a new stake in Realty Income during the second quarter worth approximately $42,000. 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.