Realty Income (NYSE:O) Stock Price Up 0.3%

Realty Income Co. (NYSE:O - Get Free Report) shares were up 0.3% during mid-day trading on Tuesday . The company traded as high as $55.40 and last traded at $55.15. Approximately 926,107 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 6,700,515 shares. The stock had previously closed at $54.96.

Analysts Set New Price Targets

A number of analysts recently weighed in on O shares. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price target on the stock. Finally, Stifel Nicolaus dropped their price target on Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average price target of $61.21.

Realty Income Trading Down 0.2 %

The company's fifty day simple moving average is $53.15 and its two-hundred day simple moving average is $53.89. The company has a market capitalization of $47.78 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 5.68 and a beta of 0.92. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business's revenue was up 33.5% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. Research 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 announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income's payout ratio is currently 285.19%.

Insider Buying and Selling at Realty Income

In other 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 transaction, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently added to or reduced their stakes in the stock. Baystate Wealth Management LLC increased its position in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 190 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in Realty Income by 65.7% in the first 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 in the last quarter. Essex Financial Services Inc. grew its position in shares of Realty Income by 1.5% in the 1st quarter. Essex Financial Services Inc. now owns 13,420 shares of the real estate investment trust's stock valued at $726,000 after buying an additional 199 shares during the last quarter. First Affirmative Financial Network increased its holdings in shares of Realty Income by 2.1% in the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust's stock valued at $532,000 after acquiring an additional 201 shares during the period. Finally, Peapack Gladstone Financial Corp increased its holdings in shares of Realty Income by 0.3% in the fourth quarter. Peapack Gladstone Financial Corp now owns 66,389 shares of the real estate investment trust's stock valued at $3,812,000 after purchasing an additional 204 shares during the period. Institutional investors own 70.81% of the company's stock.

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.