Realty Income (NYSE:O) Posts Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Realty Income reported quarterly earnings of $1.08 EPS, surpassing analysts' expectations by $0.02.
• The company declared a monthly dividend of $0.2695 per share, representing an annualized yield of 5.6%, with the ex-dividend date set for October 31st.
• Analyst recommendations vary, with three buy ratings and eleven hold ratings, and a price target averaging $62.58 for Realty Income's shares.

Realty Income (NYSE:O - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01, Zacks reports. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. During the same quarter in the prior year, the company earned $1.05 EPS. Realty Income's revenue was up 10.5% compared to the same quarter last year. Realty Income updated its FY 2025 guidance to 4.250-4.270 EPS.

Realty Income Price Performance

Shares of O stock traded up $0.17 during trading hours on Monday, hitting $58.15. The company's stock had a trading volume of 7,767,043 shares, compared to its average volume of 5,490,745. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income has a twelve month low of $50.71 and a twelve month high of $61.08. The stock has a market cap of $53.17 billion, a price-to-earnings ratio of 56.46, a P/E/G ratio of 4.46 and a beta of 0.78. The business has a fifty day moving average of $59.37 and a 200-day moving average of $57.93.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income's payout ratio is presently 313.59%.

Analyst Ratings Changes

Several research analysts have weighed in on O shares. Cantor Fitzgerald started coverage on Realty Income in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 price target for the company. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Barclays upped their target price on shares of Realty Income from $59.00 to $63.00 and gave the company an "equal weight" rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Realty Income in a research note on Wednesday, October 8th. Finally, Scotiabank raised their price objective on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.58.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. raised its position in shares of Realty Income by 2.4% during the 2nd quarter. Brown Advisory Inc. now owns 11,586 shares of the real estate investment trust's stock worth $667,000 after buying an additional 267 shares in the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of Realty Income by 0.9% in the second quarter. Resources Management Corp CT ADV now owns 42,818 shares of the real estate investment trust's stock valued at $2,467,000 after purchasing an additional 384 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Realty Income by 12.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,873 shares of the real estate investment trust's stock valued at $223,000 after acquiring an additional 414 shares in the last quarter. Visionary Wealth Advisors increased its stake in Realty Income by 9.2% in the 2nd quarter. Visionary Wealth Advisors now owns 5,534 shares of the real estate investment trust's stock valued at $319,000 after buying an additional 465 shares during the period. Finally, Kestra Investment Management LLC boosted its position in Realty Income by 16.3% during the second quarter. Kestra Investment Management LLC now owns 3,841 shares of the real estate investment trust's stock valued at $221,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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.