Realty Income (NYSE:O) Stock Price Up 1%

Realty Income Co. (NYSE:O) shares rose 1% on Thursday . The stock traded as high as $63.37 and last traded at $63.33. Approximately 618,229 shares were traded during trading, a decline of 90% from the average daily volume of 5,931,645 shares. The stock had previously closed at $62.71.

Wall Street Analyst Weigh In

Several analysts recently issued reports on O shares. UBS Group raised their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada raised their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a report on Tuesday, August 6th. Finally, KeyCorp began coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.38.

Realty Income Stock Performance

The firm has a market cap of $54.34 billion, a PE ratio of 57.79, a PEG ratio of 4.62 and a beta of 0.96. The firm’s 50 day simple moving average is $58.48 and its 200 day simple moving average is $54.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. On average, research analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.263 per share. This represents a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio is currently 291.67%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the last quarter. Norges Bank purchased a new position in Realty Income during the fourth quarter valued at approximately $506,526,000. Principal Financial Group Inc. grew its position in Realty Income by 107.1% during the fourth 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 buying an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Realty Income by 213.3% in the fourth 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 buying an additional 1,478,577 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of Realty Income by 76.6% during the 2nd quarter. Raymond James & Associates now owns 3,366,982 shares of the real estate investment trust’s stock worth $177,844,000 after buying an additional 1,460,884 shares during the period. 70.81% of the stock is currently owned by 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.