Realty Income (NYSE:O) Stock Price Up 0.7%

Realty Income Co. (NYSE:O - Get Free Report)'s stock price shot up 0.7% on Thursday . The company traded as high as $51.63 and last traded at $51.62. 897,020 shares changed hands during trading, a decline of 87% from the average session volume of 6,854,393 shares. The stock had previously closed at $51.28.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on O. Stifel Nicolaus cut their price target on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. BMO Capital Markets began coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a research note on Thursday, January 11th. Finally, Mizuho cut their price target on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus rating of "Hold" and a consensus target price of $60.96.

Realty Income Stock Up 1.4 %

The firm's 50-day moving average price is $52.51 and its 200-day moving average price is $53.33. The company has a market cap of $44.80 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 5.27 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. Realty Income's revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. Sell-side analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income's payout ratio is 244.45%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 9th. The shares were 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

A number of large investors have recently added to or reduced their stakes in the company. Compass Wealth Management LLC acquired a new position in Realty Income during the 4th quarter worth $25,000. American National Bank acquired a new position in Realty Income during the 4th quarter worth $25,000. Vima LLC acquired a new position in Realty Income during the 4th quarter worth $25,000. Dagco Inc. acquired a new position in Realty Income during the 4th quarter worth $28,000. Finally, Baystate Wealth Management LLC grew its holdings in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 190 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

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.