Realty Income (NYSE:O) Trading 1.2% Higher on Analyst Upgrade

Realty Income Co. (NYSE:O)’s stock price rose 1.2% during mid-day trading on Thursday after UBS Group raised their price target on the stock from $61.00 to $68.00. UBS Group currently has a buy rating on the stock. Realty Income traded as high as $58.45 and last traded at $58.32. Approximately 925,701 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 6,190,775 shares. The stock had previously closed at $57.63.

O has been the subject of a number of other reports. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.88.

Institutional Trading of Realty Income

Several institutional investors and hedge funds have recently made changes to their positions in O. Vanguard Group Inc. lifted 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 valued at $7,290,982,000 after purchasing an additional 20,848,560 shares during the last quarter. Norges Bank acquired a new position in Realty Income in the 4th quarter valued at about $506,526,000. Principal Financial Group Inc. increased its position in Realty Income by 107.1% in 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 acquiring an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC increased 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 valued at $124,708,000 after acquiring an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC acquired a new position in Realty Income in the 4th quarter valued at about $58,843,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

The stock has a market cap of $50.26 billion, a price-to-earnings ratio of 54.01, a PEG ratio of 4.91 and a beta of 0.96. The company has a 50-day moving average of $53.59 and a 200-day moving average of $53.83. 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 issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates 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 last year, the firm earned $0.98 EPS. As a group, equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

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

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.