Realty Income (NYSE:O) Stock Price Up 1.4% After Analyst Upgrade

Realty Income Co. (NYSE:O)’s share price traded up 1.4% on Monday after Scotiabank raised their price target on the stock from $56.00 to $61.00. Scotiabank currently has a sector perform rating on the stock. Realty Income traded as high as $61.93 and last traded at $61.93. 701,040 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 6,011,908 shares. The stock had previously closed at $61.09.

Several other equities analysts have also recently commented on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Mizuho lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus target price of $62.27.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. American National Bank bought a new position in Realty Income during the 4th quarter valued at $25,000. Vima LLC bought a new position in Realty Income during the 4th quarter valued at $25,000. Pacifica Partners Inc. boosted its stake in Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. WASHINGTON TRUST Co boosted its stake in Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Realty Income during the 1st quarter valued at $27,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 1.4 %

The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $53.93 billion, a P/E ratio of 57.34, a P/E/G ratio of 5.05 and a beta of 0.96. The stock’s 50 day simple moving average is $56.65 and its 200 day simple moving average is $54.33.

Realty Income (NYSE:O) last posted its quarterly 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 business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s payout ratio is 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.