Realty Income (NYSE:O) Hits New 1-Year High – Still a Buy?

Realty Income Corporation (NYSE:O)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $61.10 and last traded at $61.1360, with a volume of 2140469 shares changing hands. The stock had previously closed at $60.72.

Wall Street Analyst Weigh In

O has been the subject of several research reports. Morgan Stanley increased their target price on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Wells Fargo & Company upped their target price on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Cantor Fitzgerald reduced their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Finally, Mizuho cut their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.23.

Realty Income Price Performance

The firm has a market cap of $56.37 billion, a P/E ratio of 56.72, a P/E/G ratio of 3.88 and a beta of 0.80. The business’s 50 day moving average is $57.34 and its two-hundred day moving average is $58.09. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.Realty Income’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. Realty Income’s dividend payout ratio (DPR) is currently 300.00%.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in O. Mattern Wealth Management LLC lifted its position in Realty Income by 22.7% during the fourth quarter. Mattern Wealth Management LLC now owns 4,725 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 875 shares during the period. Trust Co. of Vermont increased its holdings in shares of Realty Income by 4.2% during the 4th quarter. Trust Co. of Vermont now owns 281,792 shares of the real estate investment trust’s stock worth $15,885,000 after buying an additional 11,393 shares during the last quarter. Applied Capital LLC FL increased its position in Realty Income by 13.5% during the 4th quarter. Applied Capital LLC FL now owns 25,417 shares of the real estate investment trust’s stock worth $1,433,000 after purchasing an additional 3,016 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of Realty Income by 1.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 24,621 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 384 shares during the period. Finally, Capital Advisors Inc. OK boosted its stake in shares of Realty Income by 0.9% in the fourth quarter. Capital Advisors Inc. OK now owns 680,843 shares of the real estate investment trust’s stock valued at $38,379,000 after buying an additional 6,240 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.