Realty Income (NYSE:O) Stock Price Up 0.4% Following Dividend Announcement

Realty Income Co. (NYSE:O) rose 0.4% during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $53.06 and last traded at $52.96. Approximately 559,636 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 6,246,547 shares. The stock had previously closed at $52.76.

The newly announced dividend which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is 292.59%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on O shares. KeyCorp started coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. UBS Group lowered their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Mizuho increased their price target 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. Finally, Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.35.

Realty Income Stock Up 1.5 %

The company’s 50 day moving average price is $53.48 and its two-hundred day moving average price is $53.89. 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 stock has a market cap of $46.64 billion, a P/E ratio of 49.60, a P/E/G ratio of 4.63 and a beta of 0.96.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. As a group, research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Institutional Investors Weigh In On Realty Income

A number of large investors have recently made changes to their positions in O. Vanguard Group Inc. raised its holdings in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after acquiring an additional 20,848,560 shares during the last quarter. Norges Bank acquired a new stake in Realty Income in the 4th quarter valued at about $506,526,000. Principal Financial Group Inc. raised its holdings in Realty Income by 107.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after acquiring an additional 2,560,597 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its holdings in Realty Income by 213.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after acquiring an additional 1,478,577 shares during the last quarter. Finally, GRS Advisors LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $58,843,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.