Realty Income (NYSE:O) Shares Up 1.3% – Here’s What Happened

Realty Income Corporation (NYSE:O) shares were up 1.3% during trading on Wednesday . The stock traded as high as $61.99 and last traded at $61.9710. Approximately 5,993,238 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 6,620,397 shares. The stock had previously closed at $61.18.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on O shares. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Evercore reiterated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Scotiabank raised their price target on shares of Realty Income from $67.00 to $69.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 11th. Finally, Loop Capital set a $69.00 price objective on shares of Realty Income in a research report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $66.39.

Realty Income Price Performance

The stock has a 50-day moving average price of $63.53 and a two-hundred day moving average price of $60.17. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock has a market cap of $58.03 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 4.69 and a beta of 0.79.

Realty Income (NYSE:O) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, equities research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.2705 dividend. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is 277.78%.

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the transaction, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On Realty Income

Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares during the period. Bison Wealth LLC purchased a new position in shares of Realty Income in the fourth quarter worth about $571,000. Empowered Funds LLC raised its stake in shares of Realty Income by 8.0% in the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 1,330 shares during the last quarter. Woodline Partners LP lifted its holdings in shares of Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock worth $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after purchasing an additional 3,290 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

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.