Realty Income (NYSE:O) Trading 0.4% Higher on Analyst Upgrade

Realty Income Co. (NYSE:O - Get Free Report)'s stock price traded up 0.4% during trading on Monday after Mizuho raised their price target on the stock from $56.00 to $59.00. Mizuho currently has a buy rating on the stock. Realty Income traded as high as $55.49 and last traded at $55.22. 776,759 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 6,730,368 shares. The stock had previously closed at $55.01.

Several other equities analysts have also issued reports on the company. StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. BMO Capital Markets initiated coverage on Realty Income in a research report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 target price for the company. Royal Bank of Canada boosted their price target 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. Finally, Stifel Nicolaus reduced their price objective on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 21st. 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, the company has a consensus rating of "Hold" and an average price target of $61.21.

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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Realty Income

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock valued at $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Realty Income by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust's stock valued at $547,931,000 after acquiring an additional 227,621 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Realty Income by 1.3% during the third quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust's stock worth $463,007,000 after acquiring an additional 117,313 shares during the period. Northern Trust Corp increased 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 acquiring an additional 452,046 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Realty Income by 0.5% in the 3rd 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 owned by institutional investors.

Realty Income Stock Performance

The stock's 50-day simple moving average is $53.10 and its 200-day simple moving average is $53.85. The stock has a market cap of $47.86 billion, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 5.68 and a beta of 0.92. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business's revenue was up 33.5% compared to the same quarter last year. Analysts forecast that Realty Income Co. will post 4.19 earnings per share 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. Investors of record on Wednesday, May 1st will be paid a $0.257 dividend. 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 285.19%.

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.