Realty Income (NYSE:O) Trading Up 0.2% After Analyst Upgrade

Shares of Realty Income Co. (NYSE:O - Get Free Report) shot up 0.2% on Tuesday after Stifel Nicolaus raised their price target on the stock from $65.50 to $68.00. Stifel Nicolaus currently has a buy rating on the stock. Realty Income traded as high as $57.55 and last traded at $57.04. 1,321,138 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 5,186,134 shares. The stock had previously closed at $56.94.

Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Scotiabank decreased their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $61.77.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after acquiring an additional 555,908 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Realty Income by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after buying an additional 658,240 shares in the last quarter. Northern Trust Corp boosted its stake in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after buying an additional 3,834,403 shares during the last quarter. Norges Bank purchased a new position in Realty Income during the 4th quarter valued at approximately $624,666,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $553,572,000. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Down 0.0 %

The stock's 50 day moving average is $56.59 and its 200-day moving average is $56.09. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $50.59 billion, a PE ratio of 53.98, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

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

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.