Realty Income (NYSE:O) Shares Up 1%

Realty Income Co. (NYSE:O) shares shot up 1% during trading on Thursday . The stock traded as high as $63.37 and last traded at $63.33. 618,229 shares were traded during mid-day trading, a decline of 90% from the average session volume of 5,931,645 shares. The stock had previously closed at $62.71.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Scotiabank upped their price target on Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Wells Fargo & Company upped their target price on Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Wedbush began coverage on shares of Realty Income in a research report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. UBS Group upped their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $62.38.

Realty Income Trading Up 0.1 %

The stock’s 50 day simple moving average is $58.48 and its two-hundred day simple moving average is $54.98. The stock has a market capitalization of $54.34 billion, a PE ratio of 57.79, a PEG ratio of 4.62 and a beta of 0.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39.

Realty Income (NYSE:O) last released 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). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 earnings per share. On average, sell-side analysts expect that Realty Income Co. will post 3.93 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be given a $0.263 dividend. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio (DPR) is currently 291.67%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after buying an additional 20,848,560 shares during the last quarter. Norges Bank bought a new stake in Realty Income during the fourth quarter worth about $506,526,000. Principal Financial Group Inc. increased its position in shares of Realty Income by 107.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after purchasing an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in Realty Income by 213.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after buying an additional 1,478,577 shares during the last quarter. Finally, Raymond James & Associates grew its position in Realty Income by 76.6% during the second quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock valued at $177,844,000 after acquiring an additional 1,460,884 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.