Realty Income (NYSE:O) Announces Earnings Results

Realty Income (NYSE:O - Get Free Report) posted its quarterly earnings data on Monday. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06, Zacks reports. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The business's revenue was up 9.5% on a year-over-year basis. Realty Income updated its FY 2025 guidance to 4.220-4.280 EPS.

Realty Income Price Performance

Realty Income stock traded up $0.06 during mid-day trading on Wednesday, hitting $56.85. 2,935,881 shares of the company traded hands, compared to its average volume of 5,188,087. The stock has a fifty day moving average price of $56.60 and a 200-day moving average price of $56.09. The stock has a market cap of $50.69 billion, a price-to-earnings ratio of 54.14, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Realty Income has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income Dividend Announcement

The business also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be paid a $0.2685 dividend. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio is currently 292.73%.

Analyst Ratings Changes

O has been the topic of several research reports. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Royal Bank of Canada lowered their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average target price of $61.77.

Institutional Investors Weigh In On Realty Income

A hedge fund recently raised its stake in Realty Income stock. Brighton Jones LLC lifted its position in shares of Realty Income Co. (NYSE:O - Free Report) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,101 shares of the real estate investment trust's stock after purchasing an additional 615 shares during the period. Brighton Jones LLC's holdings in Realty Income were worth $326,000 at the end of the most recent reporting period. 70.81% of the stock is owned by hedge funds and other institutional investors.

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.