Realty Income (NYSE:O) Trading Up 0.2%

Realty Income Co. (NYSE:O) was up 0.2% during mid-day trading on Tuesday . The stock traded as high as $57.82 and last traded at $57.65. Approximately 772,917 shares were traded during trading, a decline of 87% from the average daily volume of 6,144,464 shares. The stock had previously closed at $57.56.

Wall Street Analyst Weigh In

Several analysts recently issued reports on O shares. UBS Group upped their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Mizuho upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.88.

Realty Income Price Performance

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 stock’s 50-day moving average is $53.75 and its 200 day moving average is $53.80. The stock has a market capitalization of $50.10 billion, a PE ratio of 53.38, a P/E/G ratio of 5.01 and a beta of 0.97.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 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 analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. As a group, equities analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be given 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 dividend payout ratio (DPR) is 291.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of O. Baystate Wealth Management LLC raised its position in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares in the last quarter. Essex Financial Services Inc. grew its holdings in shares of Realty Income by 1.5% during the first quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust’s stock worth $726,000 after buying an additional 199 shares in the last quarter. Optimum Investment Advisors grew its holdings in shares of Realty Income by 11.1% during the second quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 200 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its holdings in shares of Realty Income by 3.4% during the second quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock worth $322,000 after buying an additional 200 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.