Realty Income (NYSE:O) Sets New 52-Week High Following Analyst Upgrade

Realty Income Co. (NYSE:O)’s stock price reached a new 52-week high during trading on Monday after Scotiabank raised their price target on the stock from $56.00 to $61.00. Scotiabank currently has a sector perform rating on the stock. Realty Income traded as high as $61.63 and last traded at $61.52, with a volume of 337295 shares. The stock had previously closed at $61.09.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada increased their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company increased their price objective on shares of Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a report on Monday. Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. KeyCorp assumed coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Mizuho increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.27.

Insider Transactions at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently bought and sold shares of the company. American National Bank acquired a new stake in shares of Realty Income during the fourth quarter worth $25,000. Vima LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $25,000. Pacifica Partners Inc. lifted its stake in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares during the period. WASHINGTON TRUST Co lifted its stake in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Realty Income during the first quarter worth $27,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Up 0.8 %

The company’s 50 day moving average price is $56.65 and its 200 day moving average price is $54.33. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $53.64 billion, a price-to-earnings ratio of 56.96, a P/E/G ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 earnings per share. As a group, research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently disclosed a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a $0.263 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s payout ratio is 291.67%.

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.