Realty Income (NYSE:O) Shares Up 1.8% – Here’s What Happened

Realty Income Co. (NYSE:O)’s share price traded up 1.8% on Friday . The company traded as high as $58.62 and last traded at $58.27. 5,105,969 shares changed hands during trading, a decline of 3% from the average session volume of 5,275,979 shares. The stock had previously closed at $57.26.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Finally, Barclays increased their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.42.

Realty Income Stock Up 1.8 %

The company’s 50-day moving average price is $56.19 and its 200 day moving average price is $56.52. The stock has a market capitalization of $51.96 billion, a P/E ratio of 55.49, a P/E/G ratio of 2.10 and a beta of 0.79. 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 posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s dividend payout ratio is presently 328.57%.

Hedge Funds Weigh In On Realty Income

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Realty Income in the fourth quarter worth $553,572,000. Trust Co. of Vermont lifted its holdings in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after acquiring an additional 28,480 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. grew its holdings in Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares during the period. 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.