Realty Income (NYSE:O) Shares Up 3.1% – Here’s Why

Realty Income Corporation (NYSE:O) shot up 3.1% during mid-day trading on Thursday. The company traded as high as $57.10 and last traded at $57.04. 7,668,723 shares changed hands during trading, an increase of 19% from the average session volume of 6,455,913 shares. The stock had previously closed at $55.35.

Analyst Ratings Changes

Several equities research analysts have commented on O shares. Royal Bank Of Canada lowered their price target on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Robert W. Baird increased their price target on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday, July 6th. Wells Fargo & Company reduced their price objective on Realty Income from $64.00 to $59.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Truist Financial raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 14th. Finally, Huntington assumed coverage on Realty Income in a report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.34.

Realty Income Trading Down 0.2%

The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $58.06 and its 200 day moving average is $61.16. The company has a market cap of $53.87 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 4.45 and a beta of 0.69.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts predict that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.2715 per share. The ex-dividend date is Friday, October 30th. This represents a $3.26 dividend on an annualized basis and a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 237.23%.

Institutional Investors Weigh In On Realty Income

A number of institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC raised its holdings in shares of Realty Income by 4.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 25,100 shares of the real estate investment trust’s stock worth $1,363,000 after acquiring an additional 1,103 shares during the period. Comprehensive Financial Consultants Institutional Inc. boosted its position in shares of Realty Income by 8.8% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 67,891 shares of the real estate investment trust’s stock valued at $3,686,000 after acquiring an additional 5,510 shares during the last quarter. Community Financial Services Group LLC grew its holdings in shares of Realty Income by 27.8% in the third quarter. Community Financial Services Group LLC now owns 2,333 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 508 shares during the period. Scott Capital Advisors LLC grew its holdings in shares of Realty Income by 10.4% in the third quarter. Scott Capital Advisors LLC now owns 14,796 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,394 shares during the period. Finally, Dupree Financial Group LLC grew its holdings in shares of Realty Income by 2.9% in the third quarter. Dupree Financial Group LLC now owns 90,518 shares of the real estate investment trust’s stock valued at $4,915,000 after purchasing an additional 2,520 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.