Realty Income (NYSE:O) Shares Up 0.1%

Shares of Realty Income Co. (NYSE:O) traded up 0.1% during trading on Tuesday . The company traded as high as $53.58 and last traded at $53.38. 1,366,720 shares were traded during mid-day trading, a decline of 80% from the average session volume of 6,795,279 shares. The stock had previously closed at $53.33.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets assumed 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 target for the company. Royal Bank of Canada boosted their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus cut 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 note on Wednesday, February 21st. Finally, Mizuho cut their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Stock Down 0.0 %

The stock’s fifty day moving average is $52.51 and its 200 day moving average is $53.43. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $45.92 billion, a P/E ratio of 42.37, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. Research analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Trading of Realty Income

Several institutional investors have recently bought and sold shares of the company. SVB Wealth LLC boosted its holdings in shares of Realty Income by 53.8% during the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 2,677 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Realty Income by 82.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after acquiring an additional 5,231 shares during the last quarter. LexAurum Advisors LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $203,000. Vest Financial LLC boosted its holdings in shares of Realty Income by 50.3% during the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after acquiring an additional 180,974 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in shares of Realty Income by 21.0% during the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock valued at $1,224,000 after acquiring an additional 3,681 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.