Realty Income (NYSE:O) Trading Up 0.7%

Realty Income Co. (NYSE:O) shares traded up 0.7% during trading on Tuesday . The stock traded as high as $52.58 and last traded at $52.55. 1,411,723 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 7,180,157 shares. The stock had previously closed at $52.17.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Mizuho reduced their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets began coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Finally, BNP Paribas upgraded shares of Realty Income from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Wednesday, December 13th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Trading Up 2.2 %

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $46.30 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 5.46 and a beta of 0.92. The company’s 50 day moving average is $53.22 and its 200 day moving average is $53.32.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $1.00 earnings per share. The company’s revenue was up 21.1% on a year-over-year basis. On average, research analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a dividend of $0.257 per share. This represents a yield of 6%. This is an increase from Realty Income’s previous mar 24 dividend of $0.26. The ex-dividend date is Friday, March 29th. Realty Income’s payout ratio is presently 244.45%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of O. Compass Wealth Management LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $25,000. CGC Financial Services LLC acquired a new position in Realty Income in the second quarter worth $25,000. American National Bank bought a new stake in shares of Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at $25,000. Finally, Stonebridge Capital Advisors LLC raised its holdings in shares of Realty Income by 96.7% in the second quarter. Stonebridge Capital Advisors LLC now owns 478 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 235 shares during the last quarter. 70.81% of the stock is currently 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.