Realty Income (NYSE:O) Trading 1.2% Higher

Shares of Realty Income Co. (NYSE:O - Get Free Report) were up 1.2% on Monday . The stock traded as high as $54.54 and last traded at $54.36. Approximately 1,425,754 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 6,756,073 shares. The stock had previously closed at $53.71.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on O. BMO Capital Markets began coverage on 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. Stifel Nicolaus lowered 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 report on Wednesday, February 21st. Royal Bank of Canada lifted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, January 11th. Mizuho reduced their price objective 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. Finally, StockNews.com raised Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $60.96.

Realty Income Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $46.77 billion, a PE ratio of 43.14, a PEG ratio of 5.57 and a beta of 0.92. The business has a 50 day simple moving average of $52.65 and a 200 day simple moving average of $53.52.

Realty Income (NYSE:O - Get Free Report) last posted 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 analysts' expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Equities research analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Insider Buying and Selling

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 transaction, the director now owns 6,257 shares of the company's stock, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Realty Income by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust's stock valued at $6,541,290,000 after buying an additional 3,046,630 shares during the period. Dimensional Fund Advisors LP raised its holdings in Realty Income by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust's stock worth $547,931,000 after purchasing an additional 227,621 shares during the period. Daiwa Securities Group Inc. raised its holdings in Realty Income by 1.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust's stock worth $463,007,000 after purchasing an additional 117,313 shares during the period. Northern Trust Corp boosted its position in Realty Income by 5.2% during the third quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust's stock worth $457,633,000 after purchasing an additional 452,046 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Realty Income by 0.5% in the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust's stock valued at $443,588,000 after purchasing an additional 47,437 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

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.