Realty Income (NYSE:O) Stock Price Up 0.5% – Should You Buy?

Realty Income Co. (NYSE:O) shares rose 0.5% during trading on Monday . The stock traded as high as $62.12 and last traded at $62.06. Approximately 474,791 shares changed hands during trading, a decline of 92% from the average daily volume of 5,743,771 shares. The stock had previously closed at $61.75.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. UBS Group raised their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Robert W. Baird upped their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Stifel Nicolaus boosted their price target 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. Finally, Royal Bank of Canada upped 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. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.63.

Realty Income Price Performance

The firm has a market capitalization of $54.09 billion, a price-to-earnings ratio of 57.60, a price-to-earnings-growth ratio of 4.30 and a beta of 0.99. The company’s fifty day moving average price is $61.67 and its 200 day moving average price is $56.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last announced its 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 2.36% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.00 EPS. The company’s revenue was up 31.4% compared to the same quarter last year. Equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Institutional investors have recently modified their holdings of the company. Able Wealth Management LLC bought a new position in shares of Realty Income in the 4th quarter worth approximately $32,000. Virtu Financial LLC bought a new position in Realty Income in the fourth quarter worth approximately $924,000. Integrated Advisors Network LLC lifted its position in shares of Realty Income by 7.0% in the 4th quarter. Integrated Advisors Network LLC now owns 4,827 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 315 shares during the period. EP Wealth Advisors LLC grew its stake in Realty Income by 3.7% in the fourth quarter. EP Wealth Advisors LLC now owns 15,798 shares of the real estate investment trust’s stock valued at $907,000 after purchasing an additional 571 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of Realty Income by 1.4% during the fourth quarter. American International Group Inc. now owns 189,837 shares of the real estate investment trust’s stock worth $10,900,000 after acquiring an additional 2,581 shares during the last quarter. 70.81% of the stock is currently 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.