Realty Income (NYSE:O) Shares Up 0.1%

Realty Income Co. (NYSE:O) shares shot up 0.1% during trading on Tuesday . The stock traded as high as $53.58 and last traded at $53.38. 1,366,720 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 6,795,279 shares. The stock had previously closed at $53.33.

Wall Street Analyst Weigh In

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

Realty Income Price Performance

The stock’s 50-day moving average price is $52.51 and its 200-day moving average price is $53.43. The company has a market capitalization of $45.92 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 5.50 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 posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 earnings per share. Equities research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

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

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’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 value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Several large investors have recently made changes to their positions in O. American National Bank acquired a new position in Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new position in Realty Income during the fourth quarter worth $25,000. Baystate Wealth Management LLC boosted its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. CVA Family Office LLC acquired a new stake in Realty Income in the fourth quarter valued at $29,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Realty Income in the first quarter valued at $27,000. 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.