Realty Income (NYSE:O) Trading 2.2% Higher – Time to Buy?

Realty Income Co. (NYSE:O)’s stock price traded up 2.2% on Monday . The company traded as high as $57.92 and last traded at $57.88. 1,611,033 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 5,120,879 shares. The stock had previously closed at $56.61.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Finally, Scotiabank decreased their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Eleven analysts have rated the stock with a hold rating and three have assigned 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 $62.04.

Realty Income Price Performance

The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a fifty day simple moving average of $55.90 and a two-hundred day simple moving average of $57.17. The firm has a market cap of $50.96 billion, a PE ratio of 54.43, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $0.2685 dividend. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 328.57%.

Hedge Funds Weigh In On Realty Income

Several large investors have recently modified their holdings of O. Lee Danner & Bass Inc. purchased a new stake in Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the 4th quarter valued at $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income in the 4th quarter valued at $34,000. 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.