Realty Income (NYSE:O) Trading Up 0.7% – Here’s Why

Realty Income Co. (NYSE:O) shares rose 0.7% during trading on Monday . The stock traded as high as $56.39 and last traded at $56.22. Approximately 1,056,251 shares changed hands during trading, a decline of 79% from the average daily volume of 4,979,962 shares. The stock had previously closed at $55.80.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Barclays increased their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.04.

Realty Income Stock Performance

The stock has a fifty day simple moving average of $55.52 and a two-hundred day simple moving average of $57.47. The stock has a market capitalization of $50.10 billion, a price-to-earnings ratio of 53.54, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio is presently 328.57%.

Institutional Investors Weigh In On Realty Income

Large investors have recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new position in shares of Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income in the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new stake in Realty Income during the fourth quarter valued at about $32,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income in the fourth quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

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.