Realty Income (NYSE:O) Shares Up 0.2%

Shares of Realty Income Co. (NYSE:O) were up 0.2% during mid-day trading on Tuesday . The company traded as high as $57.82 and last traded at $57.65. Approximately 772,917 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 6,144,464 shares. The stock had previously closed at $57.56.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group upped their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. KeyCorp assumed coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank raised their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Finally, Mizuho boosted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $61.88.

Realty Income Stock Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm’s 50-day moving average price is $53.85 and its 200-day moving average price is $53.82. The stock has a market cap of $49.95 billion, a P/E ratio of 53.48, a PEG ratio of 5.00 and a beta of 0.96.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Sell-side analysts expect 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 aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is 292.59%.

Institutional Investors Weigh In On Realty Income

A number of hedge funds have recently bought and sold shares of the business. CVA Family Office LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $29,000. Pacer Advisors Inc. lifted its position in Realty Income by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 110,999 shares of the real estate investment trust’s stock worth $6,374,000 after buying an additional 36,519 shares during the last quarter. Highland Capital Management LLC boosted its stake in Realty Income by 0.8% during the fourth quarter. Highland Capital Management LLC now owns 66,305 shares of the real estate investment trust’s stock worth $3,807,000 after buying an additional 550 shares during the period. Asset Planning Corporation increased its position in Realty Income by 184.4% during the fourth quarter. Asset Planning Corporation now owns 33,168 shares of the real estate investment trust’s stock valued at $1,905,000 after acquiring an additional 21,504 shares during the last quarter. Finally, Good Life Advisors LLC increased its position in Realty Income by 8.0% during the fourth quarter. Good Life Advisors LLC now owns 6,308 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 467 shares during the last quarter. 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.