Realty Income Co. (NYSE:O - Get Free Report) shares shot up 1.2% during mid-day trading on Wednesday . The company traded as high as $57.66 and last traded at $57.71. 1,163,265 shares changed hands during trading, a decline of 80% from the average session volume of 5,761,999 shares. The stock had previously closed at $57.01.
Analyst Ratings Changes
Several equities analysts have recently commented on O shares. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income has an average rating of "Hold" and an average price target of $62.42.
Read Our Latest Stock Report on Realty Income
Realty Income Stock Performance
The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $51.96 billion, a P/E ratio of 55.49, a P/E/G ratio of 2.10 and a beta of 0.79. The business has a 50-day moving average of $56.19 and a 200-day moving average of $56.52.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.
Realty Income Dividend Announcement
The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's payout ratio is 328.57%.
Institutional Trading of Realty Income
Several institutional investors and hedge funds have recently made changes to their positions in O. Tcfg Wealth Management LLC lifted its stake in Realty Income by 2.9% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after acquiring an additional 186 shares in the last quarter. Romano Brothers AND Company increased its stake in Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after buying an additional 200 shares during the period. Bay Rivers Group lifted its holdings in Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after buying an additional 200 shares in the last quarter. Smith Moore & CO. grew its stake in shares of Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after acquiring an additional 218 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.
About Realty Income
(
Get Free Report)
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.
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