Realty Income (NYSE:O) Trading 0.3% Higher

Realty Income Co. (NYSE:O)’s share price rose 0.3% on Monday . The company traded as high as $55.67 and last traded at $55.40. Approximately 1,465,939 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 6,782,193 shares. The stock had previously closed at $55.26.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Mizuho cut their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Stifel Nicolaus lowered their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, BMO Capital Markets started coverage on shares of 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. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50-day moving average price is $52.94 and its two-hundred day moving average price is $53.74. The company has a market capitalization of $47.17 billion, a P/E ratio of 50.72, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm’s revenue was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. As a group, analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is currently 285.19%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Trading of Realty Income

A number of hedge funds and other institutional investors have recently made changes to their positions in O. Baystate Wealth Management LLC raised its stake in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares during the period. WASHINGTON TRUST Co boosted its position in Realty Income by 65.7% during 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 period. Essex Financial Services Inc. boosted its position in Realty Income by 1.5% during the first quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 199 shares during the period. First Affirmative Financial Network increased its holdings in shares of Realty Income by 2.1% in the first quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 201 shares during the last quarter. Finally, Peapack Gladstone Financial Corp raised its position in shares of Realty Income by 0.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust’s stock valued at $3,812,000 after purchasing an additional 204 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.