Realty Income (NYSE:O) Trading 1.5% Higher After Analyst Upgrade

Realty Income Co. (NYSE:O)’s share price traded up 1.5% during mid-day trading on Wednesday after Robert W. Baird raised their price target on the stock from $57.00 to $58.00. Robert W. Baird currently has a neutral rating on the stock. Realty Income traded as high as $61.41 and last traded at $61.32. 1,758,445 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 6,142,086 shares. The stock had previously closed at $60.44.

Several other research firms have also recently weighed in on O. Stifel Nicolaus lifted their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research report on Tuesday. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Mizuho boosted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group boosted their price target on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, Scotiabank boosted their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.29.

Institutional Trading of Realty Income

Several large investors have recently added to or reduced their stakes in O. American National Bank acquired a new position in Realty Income in the fourth quarter valued at approximately $25,000. Vima LLC bought a new stake in shares of Realty Income during the fourth quarter worth $25,000. Pacifica Partners Inc. grew its position in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Baystate Wealth Management LLC grew its position 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 purchasing an additional 190 shares in the last quarter. Finally, WASHINGTON TRUST Co grew its position in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 1.7 %

The business’s 50-day moving average price is $54.73 and its 200 day moving average price is $53.80. The company has a market cap of $53.52 billion, a P/E ratio of 56.78, a P/E/G ratio of 5.05 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.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio is currently 291.67%.

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.