Realty Income (NYSE:O) Trading 0.5% Higher

Realty Income Co. (NYSE:OGet Free Report)’s stock price traded up 0.5% during trading on Friday . The company traded as high as $52.72 and last traded at $52.72. 851,153 shares traded hands during trading, a decline of 86% from the average session volume of 6,298,781 shares. The stock had previously closed at $52.45.

Analyst Ratings Changes

A number of analysts have recently weighed in on O shares. Mizuho increased their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank increased their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp started coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, UBS Group dropped their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.35.

Check Out Our Latest Stock Analysis on O

Realty Income Trading Up 1.2 %

The company has a market capitalization of $46.23 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 4.56 and a beta of 0.96. The firm has a 50-day moving average price of $53.53 and a 200-day moving average price of $53.97. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

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

Realty Income Increases Dividend

The business also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Monday, July 1st. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of Realty Income

Hedge funds and other institutional investors have recently modified their holdings of the business. American National Bank bought a new position in Realty Income during the fourth quarter valued at about $25,000. Vima LLC bought a new position in Realty Income during the fourth quarter valued at about $25,000. WASHINGTON TRUST Co raised its holdings in Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 197 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Realty Income during the first quarter valued at about $27,000. Finally, Baystate Wealth Management LLC raised its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Company Profile

(Get Free Report)

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.

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