Realty Income (NYSE:O) Trading Up 1%

Realty Income Co. (NYSE:O) was up 1% during mid-day trading on Friday . The company traded as high as $55.67 and last traded at $55.53. Approximately 1,023,896 shares were traded during trading, a decline of 84% from the average daily volume of 6,225,125 shares. The stock had previously closed at $55.00.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on O shares. Mizuho boosted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Scotiabank boosted their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, UBS Group dropped their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.35.

Realty Income Stock Performance

The firm has a market capitalization of $48.70 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 4.66 and a beta of 0.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The business’s fifty day simple moving average is $53.48 and its 200-day simple moving average is $53.90.

Realty Income (NYSE:O) last announced its quarterly 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s payout ratio is 292.59%.

Hedge Funds Weigh In On Realty Income

A number of large investors have recently bought and sold shares of O. SVB Wealth LLC lifted its stake in Realty Income by 53.8% in the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 2,677 shares during the period. CWA Asset Management Group LLC purchased a new position in Realty Income in the fourth quarter valued at about $379,000. Dynamic Advisor Solutions LLC raised its holdings in Realty Income by 82.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Realty Income by 4.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares during the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in Realty Income in the fourth quarter valued at about $203,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.