Realty Income (NYSE:O) Trading Up 0.2%

Realty Income Co. (NYSE:O) rose 0.2% during trading on Friday . The company traded as high as $62.86 and last traded at $62.56. Approximately 550,376 shares were traded during trading, a decline of 91% from the average daily volume of 5,855,176 shares. The stock had previously closed at $62.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, UBS Group increased their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.38.

Realty Income Trading Up 0.5 %

The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $54.61 billion, a PE ratio of 58.06, a P/E/G ratio of 4.65 and a beta of 0.99. The business has a fifty day moving average price of $59.49 and a 200 day moving average price of $55.35.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s quarterly revenue was up 31.4% on a year-over-year basis. Analysts expect that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. This represents a yield of 5%. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s dividend payout ratio is 292.59%.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s 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 transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. American National Bank acquired a new stake in Realty Income in the fourth quarter valued at $25,000. Vima LLC bought a new stake in shares of Realty Income in the 4th quarter worth about $25,000. Pacifica Partners Inc. raised its stake in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Realty Income during the first quarter worth about $27,000. Finally, Bell Investment Advisors Inc grew its stake in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.