Realty Income (NYSE:O) Shares Up 0.9% – Still a Buy?

Realty Income Co. (NYSE:O)’s share price was up 0.9% during trading on Wednesday . The company traded as high as $56.32 and last traded at $56.16. Approximately 992,802 shares traded hands during trading, a decline of 80% from the average daily volume of 4,975,940 shares. The stock had previously closed at $55.65.

Analyst Upgrades and Downgrades

Several research firms have recently commented on O. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Barclays raised their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.04.

Realty Income Stock Up 0.8 %

The firm has a market capitalization of $50.47 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The firm’s 50-day moving average is $55.75 and its 200 day moving average is $57.36. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is 328.57%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Realty Income by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust’s stock worth $9,881,000 after acquiring an additional 487 shares during the last quarter. Fairtree Asset Management Pty Ltd purchased a new position in shares of Realty Income during the 4th quarter worth $1,265,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Realty Income by 69.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 253,399 shares of the real estate investment trust’s stock worth $13,534,000 after purchasing an additional 104,126 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at $124,000. Finally, Castle Rock Wealth Management LLC increased its stake in Realty Income by 4.3% in the fourth quarter. Castle Rock Wealth Management LLC now owns 31,592 shares of the real estate investment trust’s stock valued at $1,721,000 after purchasing an additional 1,309 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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.