Realty Income (NYSE:O) Stock Price Up 0.2% on Analyst Upgrade

Realty Income Co. (NYSE:O - Get Free Report)'s stock price shot up 0.2% during trading on Wednesday 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 $57.13 and last traded at $56.91. 1,109,087 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 5,180,531 shares. The stock had previously closed at $56.79.

O has been the subject of a number of other reports. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Scotiabank lowered their target price 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. BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $61.77.

Institutional Trading of Realty Income

Several hedge funds have recently made changes to their positions in O. Tcfg Wealth Management LLC boosted its position in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after buying an additional 186 shares during the period. N.E.W. Advisory Services LLC boosted its position in Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after acquiring an additional 186 shares during the period. Associated Banc Corp grew its stake in shares of Realty Income by 1.9% in the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 192 shares in the last quarter. Romano Brothers AND Company lifted its holdings in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after purchasing an additional 200 shares during the period. Finally, Bay Rivers Group lifted its holdings in Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

The company's 50 day simple moving average is $56.55 and its 200 day simple moving average is $55.93. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $50.61 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the business posted $1.03 earnings per share. The company's quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

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 paid a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio (DPR) is currently 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.