Realty Income (NYSE:O) Trading 0.2% Higher

Shares of Realty Income Co. (NYSE:O) shot up 0.2% during trading on Wednesday . The company traded as high as $53.59 and last traded at $53.50. 1,237,912 shares were traded during trading, a decline of 82% from the average session volume of 6,793,773 shares. The stock had previously closed at $53.39.

Wall Street Analysts Forecast Growth

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

Realty Income Stock Performance

The firm has a market capitalization of $46.33 billion, a P/E ratio of 42.70, a P/E/G ratio of 5.57 and a beta of 0.92. The stock has a fifty day simple moving average of $52.62 and a two-hundred day simple moving average of $53.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

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 analysts’ consensus estimates of $1.02 by ($0.72). The business had revenue of $1.08 billion during 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 revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders 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 dividend yield of 5.9%. Realty Income’s dividend payout ratio is 244.45%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently bought and sold shares of the stock. American National Bank purchased a new position in Realty Income in the fourth quarter worth $25,000. Vima LLC purchased a new position in Realty Income in the fourth quarter worth $25,000. Manchester Capital Management LLC boosted its position in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. WASHINGTON TRUST Co boosted its position in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in Realty Income in the first quarter worth $27,000. Institutional investors own 70.81% of the company’s stock.

About Realty Income

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.