Realty Income (NYSE:O) Shares Up 2.1%

Shares of Realty Income Co. (NYSE:O) shot up 2.1% on Friday . The stock traded as high as $53.11 and last traded at $53.11. 1,668,424 shares traded hands during trading, a decline of 76% from the average session volume of 6,834,391 shares. The stock had previously closed at $52.03.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on O shares. Royal Bank of Canada raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Mizuho lowered their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Trading Up 1.9 %

The company’s fifty day moving average is $52.49 and its two-hundred day moving average is $53.32. The stock has a market cap of $45.64 billion, a price-to-earnings ratio of 42.15, a PEG ratio of 5.32 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the business earned $1.00 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. On average, research analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is currently 244.45%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

A number of institutional investors have recently modified their holdings of O. American National Bank purchased a new position in Realty Income in the 4th quarter valued at $25,000. Vima LLC purchased a new position in Realty Income in the 4th quarter valued at $25,000. Compass Wealth Management LLC purchased a new position in Realty Income in the 4th quarter valued at $25,000. Manchester Capital Management LLC grew its position in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Realty Income in the 1st quarter valued at $27,000. 70.81% of the stock is 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.