Realty Income (NYSE:O) Trading 1.1% Higher – Here’s Why

Realty Income Corporation (NYSE:O)’s share price traded up 1.1% during mid-day trading on Friday . The stock traded as high as $59.99 and last traded at $59.97. 4,217,597 shares were traded during mid-day trading, a decline of 23% from the average session volume of 5,491,105 shares. The stock had previously closed at $59.29.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. UBS Group increased their price objective on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Evercore ISI assumed coverage on Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Barclays increased their price objective on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 20th. Finally, Scotiabank increased their price objective on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.25.

Realty Income Price Performance

The stock has a 50 day moving average price of $59.16 and a two-hundred day moving average price of $57.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $54.83 billion, a PE ratio of 58.22, a P/E/G ratio of 4.58 and a beta of 0.78.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 EPS. Equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s dividend payout ratio is currently 313.59%.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in O. Moseley Investment Management Inc. grew its holdings in Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 175 shares during the last quarter. Crescent Sterling Ltd. grew its holdings in Realty Income by 4.1% in the 3rd quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 176 shares during the last quarter. Castle Rock Wealth Management LLC grew its holdings in Realty Income by 0.6% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Realty Income by 10.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 177 shares during the last quarter. Finally, Revisor Wealth Management LLC grew its holdings in Realty Income by 2.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds 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.