Realty Income (NYSE:O) Shares Up 0.1%

Shares of Realty Income Co. (NYSE:O - Get Free Report) rose 0.1% during trading on Tuesday . The company traded as high as $53.58 and last traded at $53.38. Approximately 1,366,720 shares changed hands during trading, a decline of 80% from the average daily volume of 6,795,279 shares. The stock had previously closed at $53.33.

Analyst Upgrades and Downgrades

O has been the subject of a number of recent research reports. BMO Capital Markets initiated 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 for the company. Mizuho decreased their price target on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their target price 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. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $60.96.

Realty Income Stock Performance

The firm has a market capitalization of $45.99 billion, a PE ratio of 42.39, a P/E/G ratio of 5.50 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. The company's fifty day simple moving average is $52.54 and its 200 day simple moving average is $53.45.

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 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. As a group, equities research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders 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 dividend payout ratio (DPR) is presently 244.45%.

Insider Buying and Selling at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company's stock, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

A number of institutional investors and hedge funds have recently modified their holdings of O. International Assets Investment Management LLC increased its position in shares of Realty Income by 19.5% in the third quarter. International Assets Investment Management LLC now owns 5,824 shares of the real estate investment trust's stock worth $289,000 after purchasing an additional 951 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of Realty Income by 49.0% in the third quarter. Arkadios Wealth Advisors now owns 5,972 shares of the real estate investment trust's stock worth $298,000 after purchasing an additional 1,965 shares during the last quarter. HB Wealth Management LLC increased its position in shares of Realty Income by 43.4% in the third quarter. HB Wealth Management LLC now owns 7,712 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 2,334 shares during the last quarter. Impact Partnership Wealth LLC increased its position in shares of Realty Income by 1,034.6% in the third quarter. Impact Partnership Wealth LLC now owns 2,587 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 2,359 shares during the last quarter. Finally, Founders Financial Securities LLC increased its position in shares of Realty Income by 19.1% in the third quarter. Founders Financial Securities LLC now owns 20,276 shares of the real estate investment trust's stock worth $1,013,000 after purchasing an additional 3,254 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

About Realty Income

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.