Realty Income (NYSE:O) Trading Up 1%

Realty Income Co. (NYSE:O - Get Free Report)'s stock price traded up 1% during trading on Wednesday . The company traded as high as $54.12 and last traded at $54.07. 1,114,931 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 6,771,571 shares. The stock had previously closed at $53.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their price objective 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. BMO Capital Markets initiated coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price target on the stock. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. 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, Royal Bank of Canada boosted 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. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.96.

Realty Income Trading Up 0.7 %

The stock's fifty day moving average price is $52.74 and its two-hundred day moving average price is $53.57. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $46.42 billion, a P/E ratio of 42.79, a price-to-earnings-growth ratio of 5.63 and a beta of 0.92.

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 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. The company's quarterly revenue was up 21.1% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

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. 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 Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. American National Bank purchased a new stake in shares of Realty Income in the 4th quarter worth about $25,000. Vima LLC purchased a new stake in shares of Realty Income in the 4th quarter worth about $25,000. Manchester Capital Management LLC grew its position in 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 valued at $26,000 after purchasing an additional 423 shares during the last quarter. WASHINGTON TRUST Co grew its position in Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Realty Income during the 1st quarter valued at about $27,000. 70.81% of the stock is currently owned by 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.