Realty Income (NYSE:O) Trading Up 1.5% – Should You Buy?

Realty Income Corporation (NYSE:OGet Free Report) was up 1.5% during trading on Thursday . The company traded as high as $64.26 and last traded at $64.2510. Approximately 7,271,262 shares were traded during trading, an increase of 16% from the average daily volume of 6,258,338 shares. The stock had previously closed at $63.29.

Realty Income News Roundup

Here are the key news stories impacting Realty Income this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on O shares. Morgan Stanley set a $67.00 target price on Realty Income in a research note on Monday. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 20th. Mizuho boosted their price objective on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Loop Capital set a $69.00 price objective on Realty Income in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $66.75.

View Our Latest Research Report on Realty Income

Realty Income Stock Down 0.6%

The stock has a 50 day moving average of $63.75 and a 200-day moving average of $60.69. The firm has a market capitalization of $59.57 billion, a P/E ratio of 54.60, a PEG ratio of 4.35 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:OGet Free Report) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Research analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Thursday, April 30th. Realty Income’s payout ratio is presently 276.92%.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider owned 67,641 shares of the company’s stock, valued at $4,222,151.22. The trade was a 9.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. LGT Fund Management Co Ltd. grew its holdings in Realty Income by 3,427.9% during the 1st quarter. LGT Fund Management Co Ltd. now owns 139,071 shares of the real estate investment trust’s stock valued at $8,508,000 after buying an additional 135,129 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in shares of Realty Income by 53.7% during the first quarter. Diversify Wealth Management LLC now owns 80,406 shares of the real estate investment trust’s stock worth $5,089,000 after purchasing an additional 28,085 shares in the last quarter. Carnegie Investment Counsel grew its holdings in shares of Realty Income by 5.7% during the first quarter. Carnegie Investment Counsel now owns 104,488 shares of the real estate investment trust’s stock worth $6,393,000 after purchasing an additional 5,588 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in shares of Realty Income by 5.7% during the first quarter. 180 Wealth Advisors LLC now owns 6,206 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 336 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Realty Income by 22.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 630,652 shares of the real estate investment trust’s stock worth $38,583,000 after purchasing an additional 117,189 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

(Get Free Report)

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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