Realty Income (NYSE:O) Trading Up 0.2%

Realty Income Co. (NYSE:O - Get Free Report) shot up 0.2% during mid-day trading on Wednesday . The company traded as high as $53.59 and last traded at $53.50. 1,237,912 shares were traded during mid-day trading, a decline of 82% from the average session volume of 6,793,773 shares. The stock had previously closed at $53.39.

Analyst Ratings Changes

A number of research firms have issued reports on O. BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Mizuho dropped their target price on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Finally, Royal Bank of Canada boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, January 11th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Realty Income presently has a consensus rating of "Hold" and an average price target of $60.96.

Realty Income Stock Performance

The company has a market cap of $46.22 billion, a P/E ratio of 42.60, a PEG ratio of 5.53 and a beta of 0.92. The business's 50 day simple moving average is $52.59 and its 200 day simple moving average is $53.45. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

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

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income's payout ratio is currently 244.44%.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Realty Income

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American National Bank purchased a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Vima LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $25,000. Manchester Capital Management LLC raised its stake in shares of Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock worth $26,000 after buying an additional 423 shares during the period. WASHINGTON TRUST Co raised its stake in shares of Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust's stock worth $27,000 after buying an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Realty Income during the 1st quarter worth approximately $27,000. Hedge funds and other 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.