Realty Income (NYSE:O) Trading 0.1% Higher

Realty Income Co. (NYSE:O)’s share price rose 0.1% during trading on Monday . The stock traded as high as $55.96 and last traded at $55.80. Approximately 804,470 shares were traded during trading, a decline of 87% from the average daily volume of 6,216,388 shares. The stock had previously closed at $55.75.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. UBS Group dropped their target price on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Scotiabank upped their target price on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Nine research 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, the company currently has a consensus rating of “Hold” and an average price target of $61.35.

Realty Income Stock Performance

The stock has a market capitalization of $48.62 billion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 4.85 and a beta of 0.97. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $53.49 and its two-hundred day moving average is $53.83.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.98 earnings per share. Analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s payout ratio is presently 292.59%.

Hedge Funds Weigh In On Realty Income

Large investors have recently modified their holdings of the business. SVB Wealth LLC raised its holdings in shares of Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 2,677 shares during the period. CWA Asset Management Group LLC bought a new position in Realty Income in the 4th quarter valued at about $379,000. Dynamic Advisor Solutions LLC raised its holdings in Realty Income by 82.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after acquiring an additional 5,231 shares during the period. Texas Permanent School Fund Corp raised its holdings in Realty Income by 15.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after acquiring an additional 22,440 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Realty Income by 4.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after acquiring an additional 51,574 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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.